Misr Petroleum, Petronas sign refining agreement to produce 30k tonnes

The state-owned Misr Petroleum Company (MPC) signed an MoU with Malaysia’s Petronas on Thursday that will see them operate MPC’s idle Amreya plant capacity to pump out an additional 30,000 tonnes of refined fuel a year, according to an Oil Ministry statement. The output will be sold locally and exported to other African markets through a new joint venture that will be born from the two companies’ union.