Zaki Hashem advised on USD 1.7 bn agreement between MIDOR and Technip

Zaki Hashem & Partners advised state-owned MIDOR on its USD 1.7 bn agreement with Italy’s Technip as part of a USD 2.2 bn project to expand its refining capacity to 175k barrels of crude per day, sources tell us. The Oil Ministry secured a USD 1.2 bn loan from France’s Crédit Agricole, BNP Paribas, and Italy’s CDP in 2016 to finance the project.