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MIDOR signs USD 1.7 bn agreement with Italy’s Technip

Accordo JIACC

State-owned MIDOR refinery signed a USD 1.7 bn agreement with Italy’s 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

Source: Enterprise – 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 that it reached a USD 1.4 bn agreement to help MIDOR expand its refining capacity to 160k bpd from 100k the previous bpd

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