Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources speaks during an interview with Reuters at his office in Cairo, Egypt, October 29, 2015.
CAIRO - 7 June 2018: Petroleum Minister Tarek el Molla attended the signing of an agreement between the Middle East Oil Refinery (MIDOR) and Italy’s Technip Company for the expansions of MIDOR’s lab.
The deal aims to increase the refinery lab operation capacity from the current 115,000 barrels to 175,000 daily.
The value of the agreement, signed by MIDOR Chairman and CEO Mohamed Abdel Aziz and Technip President Marco Villa, amounts to some $1.7 billion out of the total $2.2-billion cost of the project.
Molla said in a statement this project, which includes construction and engineering designs, is part of the ministry’s integrated plan to develop the lab’s efficiency and improve quality of products to meet the increasing demand on petroleum products.
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