UOP LLC, a unit of a Honeywell International, has signed two contracts value a complete of $1.Four billion for the enlargement 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 Middle East Oil Refinery (MIDOR) and UOP.
The U.S. firm will present engineering designs and licensing as a part of a project that goals to increase the refinery’s production capacity by 60 p.c, from 100,000 to 160,000 barrels per day.
Mohamed Abdel Aziz, CEO of MIDOR, said that when the expansion is completed the annual manufacturing capacity of the refinery will reach up to 245,000 tons of butane gas, 1.Three million tons of gasoline, 3.2 million tons of diesel oil, 570,000 tons of coal and 135,000 tons of sulfur.
No details were given on the new models that will likely be added to the refinery, nor when the enlargement is scheduled for completion.
Egypt’s Ministry of Petroleum needs to develop the nation’s refineries to spice up local production of petroleum products. Beforehand signed agreements include a Memorandum of Understanding between the Egyptian Natural Gasoline Holding Firm (EGAS) and the Jordanian-Egyptian FAJR Firm, Each day Information Egypt reported.