{"id":627719,"date":"2018-06-10T04:13:04","date_gmt":"2018-06-10T04:13:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/"},"modified":"2018-06-10T04:13:04","modified_gmt":"2018-06-10T04:13:04","slug":"midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/","title":{"rendered":"MIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production"},"content":{"rendered":"

State-owned MIDOR refinery signed a USD 1.7 bn agreement with Italy\u2019s Technip as part of a USD 2.2 bn project to expand its refining capacity to 175k barrels of crude per day, from 115k barrels, the Oil Ministry announced on Thursday<\/a>. ENPPI and Petrojet will also take part in the expansion, which is expected to increase the capacity of the refinery by 60%, according to the ministry. Technip had announced back in 2015<\/a> that it reached a USD 1.4 bn agreement to help MIDOR expand its refining capacity to 160k bpd from 100k the previous bpd. The Oil Ministry secured a USD 1.2 bn loan<\/a> from France\u2019s Cr\u00e9dit Agricole, BNP Paribas, and Italy\u2019s CDP in 2016 to finance the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned MIDOR refinery signed a USD 1.7 bn agreement with Italy\u2019s Technip as part of a USD 2.2 bn project to expand its refining capacity to 175k barrels of crude per day, from 115k barrels, the Oil Ministry announced on Thursday. ENPPI and Petrojet will also take part in the expansion, which is expected to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627719","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"14256de3-0f05-4ae4-a952-2d6977aed437","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"MIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production","related_issue":[627691],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.dec7d341-2a00-4a4e-a5d5-2b727a4061b4.mp3"},"yoast_head":"\nMIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production\" \/>\n<meta property=\"og:description\" content=\"State-owned MIDOR refinery signed a USD 1.7 bn agreement with Italy\u2019s Technip as part of a USD 2.2 bn project to expand its refining capacity to 175k barrels of crude per day, from 115k barrels, the Oil Ministry announced on Thursday. ENPPI and Petrojet will also take part in the expansion, which is expected to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-10T04:13:04+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production\",\"datePublished\":\"2018-06-10T04:13:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\"},\"wordCount\":129,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\",\"name\":\"MIDOR signs USD 1.7 bn agreement with Italy\u2019s Technip to maximize production - 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The Oil Ministry secured a USD 1.2 bn loan from France\u2019s\u2026","rel":"","context":"In "Law"","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641687,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/28\/oil-minister-discusses-midor-refinery-development-with-technip\/","url_meta":{"origin":627719,"position":1},"title":"Oil Minister discusses MIDOR refinery development with Technip","author":"enterpriseam admin","date":"28 September 2017","format":false,"excerpt":"Oil Minister Tarek El Molla met yesterday with the regional head of Italy\u2019s Technip, Marco Villa, to discuss the company\u2019s progress in expanding the MIDOR refinery near Alexandria and modernizing the Assiut Oil Refining Company\u2019s (ASORC) mazut hydrocracking project, Al Shorouk reports. Villa told El Molla that Technip\u2019s work on\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/afreximbank-provides-a-usd-200-mn-loan-to-finance-state-owned-midor-expansion-plans\/","url_meta":{"origin":627719,"position":2},"title":"Afreximbank provides a USD 200 mn loan to finance state-owned MIDOR expansion plans","author":"enterpriseam admin","date":"6 August 2018","format":false,"excerpt":"The EGPC received a USD 200 mn loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR\u2019s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/midor-looks-to-afreximbank-adib-for-usd-200-mn-loan-to-finance-refinery-expansions\/","url_meta":{"origin":627719,"position":3},"title":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions: The state-owned MIDOR is reportedly in talks with the African Export-Import Bank (Afreximbank) and Abu Dhabi Islamic Bank (ADIB) for a USD 200 mn loan to help finance expansion plans at the company\u2019s refinery, banking sources\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572815,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/09\/technip-signs-usd-1-bn-contract-for-assiut-refinery\/","url_meta":{"origin":627719,"position":4},"title":"Technip signs USD 1 bn+ contract for Assiut refinery","author":"enterpriseam admin","date":"9 July 2020","format":false,"excerpt":"Technip signs USD 1 bn+ contract for Assiut refinery: French construction firm Technip has signed an engineering, procurement and construction contract worth more than USD 1 bn to build a hydrocracking complex for the Assiut Oil Refining Company, Technip said in a statement. The complex will produce around 2.8 mn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/midor-to-finalize-this-week-usd-1-2-bn-loan-agreement-from-three-eu-banks\/","url_meta":{"origin":627719,"position":5},"title":"MIDOR to finalize this week USD 1.2 bn loan agreement from three EU banks","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"State-owned company Middle East Oil Refinery (MIDOR) has reached a final agreement with Cr\u00e9dit Agricole and BNP Paribas and Italy\u2019s CDP over a USD 1.2 bn loan to finance the USD 2.2 bn-worth of expansions at its refinery, MIDOR Chairman Mohamed Abdel Aziz tells Al Mal. MIDOR had reached a\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=627719"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627719\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627691"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627719"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627719"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}