Egypt awarded a $1.7bn EPC deal for Midor refinery expansion. Delayed $4.3bn Cairo distillates units are set to start next year. But reforms mean project finance is picking up.

Oil minister Tariq al-Mulla last week signed a $1.7bn contract with French firm TechnipFMC for engineering, procurement and construction (EPC) work on a new 60,000 b/d CDU at Alexandria’s Midor refinery.

Crude processing capacity will rise from 115,000 b/d to 175,000 b/d with Technip also charged with...