The US’s Chevron and France’s Axens are bidding to take part in Alexandria Mineral Oils Company’s (AMOC) to upgrade its fuel refinery facility, CEO Amr Mostafa said. The two oil companies will present technical and financial proposals to AMOC by the end of December, said Mostafa, without specifying whether they will work as contractors or simply as advisers. AMOC aims to upgrade its fuel refinery facility by 2023 at a total cost of USD 1.5 bn, with an eye to doubling its production to 1.2 mn tonnes per year.

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