London-based TechnipFMC signed a major Engineering, Procurement, and Construction (EPC) contract worth over $1 billion with Egyptian state-run company, Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex located near Egypt's second largest city of Alexandria, the company announced on Wednesday.
The complex, which will start operations in 2022, will exclusively produce Euro V products, and will have a 60 percent increase in the refinery’s original capacity to 160,000 barrels per day of crude oil, according to the company's statement.
"The contract covers the debottlenecking of existing units as well as the delivery of new units including a crude distillation unit, a vacuum distillation unit, a hydrogen production facility based on the company's steam reforming technology, as well as various process units and utilities," the company said.
“This award demonstrates our long-standing relationship with MIDOR which started in 2001, with the delivery of their grassroots refinery," said Nello Uccelletti, president of TechnipFMC’s onshore/offshore business.
"We are proud to support our client MIDOR in improving the production quality of their refinery, considered the most advanced of the Mediterranean region and African continent," he added.
TechnipFMC, in cooperation with the Egyptian government, has also been awarded a contract for the basic design of the Assiut refinery hydrocracker complex.
The refinery provides high quality petroleum products to meet the needs of domestic and international markets. In order to support the Egyptian national economy, the company also conducts trading activities, such as purchasing and selling crude oil, products and petroleum derivatives both domestically and internationally, according to Egyptian company.
By Firdevs Yuksel