MIDOR increase refining capacity by 109% y-o-y in 1Q2017

Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% y-o-y in 1Q2017 to 3.9 mn bbl of refined crude, a source tells Al Shorouk. The increase is fueled by the USD 20 mn spent on the first phase of its expansion plan, which started in January. MIDOR targets bringing its refining capacity up by another 15% y-o-y in FY2017 to 39 mn bbl of refined crude. MIDOR produced 150,000 tonnes of butane and 1.7 mn tonnes of diesel last year, according to preliminary results.