TechnipFMC wins $1bn-plus contract for Egyptian refinery expansion

growing trend: Smaller businesses are increasingly acquiring assets that are no longer considered “core” by their incumbent owners
growing trend: Smaller businesses are increasingly acquiring assets that are no longer considered “core” by their incumbent owners

TechnipFMC will modernise and expand Middle East Oil Refinery’s (MIDOR’s) complex near Alexandria, Egypt.

The EPC contract, worth more than $1 billion, 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 our steam reforming technology, as well as various process units, interconnecting, offsites and utilities.

Starting in 2022, the modernised complex will exclusively produce Euro V products, with a 60% increase in the refinery’s original capacity to 160,000 barrels per day of crude oil.

Nello Uccelletti, president of TechnipFMC’s Onshore/Offshore business, said: “This award demonstrates our long-standing relationship with MIDOR which started in 2001, with the delivery of their grassroot refinery.

“Over the years, we have supported our client with studies and engineering services.

“In 2015, we finalised a joint agreement with SACE to ensure an export credit facility to support a major expansion and modernisation project, while carrying out early works including FEED and open book estimate.

“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.”

 

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