MIDOR to invest USD1.9bn to expand its refining capacity
Tarek El-Molla, Minister of Petroleum and Mineral Resources, has announced that MIDOR will be investing USD1.9bn to expand its production capacity by 60%. The project is positioned as the second phase of expansion, noting that the first phase was completed in 2016, and the production capacity was increased by 15%. It is worth noting that the company has reviewed the technical studies for the project, and that it is currently working to obtain the required financing.
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