UOP LLC, a unit of a Honeywell Worldwide, has signed two contracts value a complete of $1.Four billion for the growth of an oil refinery in El Amreya Free Zone, Alexandria, Egypt.
Petroleum Minister Sherif Ismail final week attended a ceremony to mark the signing of the agreements between state-owned Center East Oil Refinery (MIDOR) and UOP.
The U.S. company will present engineering designs and licensing as a part of a project that aims to increase the refinery’s manufacturing capability by 60 p.c, from 100,000 to 160,000 barrels per day.
Mohamed Abdel Aziz, CEO of MIDOR, mentioned that when the enlargement is accomplished the annual manufacturing capability of the refinery will reach as much as 245,000 tons of butane gasoline, 1.3 million tons of gasoline, 3.2 million tons of diesel oil, 570,000 tons of coal and 135,000 tons of sulfur.
No particulars had been given on the brand new units that will probably be added to the refinery, nor when the growth is scheduled for completion.
Egypt’s Ministry of Petroleum wants to develop the country’s refineries to spice up native manufacturing of petroleum products. Beforehand signed agreements embody a Memorandum of Understanding between the Egyptian Natural Fuel Holding Company (EGAS) and the Jordanian-Egyptian FAJR Company, Day by day News Egypt reported.
