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Volume 41 Issue 5
12
OAPEC Member Countries
Egypt
Egypt’s Petroleum and Mineral Resources Minister HE Sherif
Ismail witnessed the signing of two deals worth $1.4 billion
between Egypt’s state-run petroleum refinery MIDOR and US-
based engineering company UOP. The engineering company
will prepare designs for the expansion of the refinery, raising its
capacity to 160,000 barrels per day from 100,000 barrels per day.
The investment is part of a wider plan by the ministry to raise
the domestic production of petroleum products to meet domestic
demand. The deals are signed between Mr Mohamed Abdel Aziz,
MIDOR Chairman and Mr Nigel Orchard, General Manager at
UOP Europe, Africa, and Russia. By the completion of the project,
MIDOR’s annual production capacity will reach 245,000 tons of
Liquefied Petroleum Gas (LPG), 3.2 million tons of Diesel and
1.3 million tons of high octane fuel, 570,000 tons of coal, and
135,000 tons of sulfur.
The Egyptian General Petroleum Corp. (EGPC) announced an oil discovery from
a well drilled at the end of January 2015 in Abu Sinan area in Egypt’s western desert.
Recoverable reserves of this exploration are estimated at 2.2 million barrels of oil from
the upper marine layer and about 11 billion cubic feet of gas from Abu Rawash sand
layer (G). Tests showed the presence of hydrocarbon-rich layers. When tested, the well
produced 1358 bpd of API 40.2 oil from 1 inch valve. The discovery would encourage
more well drillings.