Aramco, Egypt’s MIDOR ink deals to refine crude oil

Aramco, Egypt’s MIDOR ink deals to refine crude oil
Aramco, Egypt’s MIDOR ink deals to refine crude oil

Cairo – Mubasher: Saudi Arabian Oil Co, known globally as Saudi Aramco signed agreements with Egypt-based Middle East Oil Refinery (MIDOR) to refine cargoes of crude oil that Aramco extracts from Midor’s labs.

The contracts were signed previously, while supply will start in November, Alborsanews reported, citing governmental sources as saying.

The marketing of output which is produced through the refining will be marketed to the Egyptian General Petroleum Corporation (EGPC), while other refining products will be sold to Egyptian customers.

Egypt’s and Saudi Arabian ministers of Petroleum will announce the final agreement which will include the value of imported cargoes when available.

Related topics
Source: Mubasher

Comments