The Middle East Oil Refinery (MIDOR) aims to increase its paid-in capital by USD 800 mn to finance expansion plans, a company official said. The company aims to draw USD 200 mn from shareholders within two months and raise the rest gradually to expand its refinery plant, which is expected to attract USD 2.3 bn in investments. The Egyptian General Petroleum Corporation (EGPC) owns 78% of MIDOR.

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