Repsol Awarded Contract To Operate Midor Refinery
Repsol of Spain has been awarded a contract to operate the projected Egyptian-Israeli Middle East Oil Refinery (Midor). The protocol agreement and contract were signed in Cairo on 15 October by Repsol Chairman Alfonso Cortina and Midor President Husain Salem. The projected $1.2bn, 5mn ton/year refinery will be built at a free zone area near Alexandria on the Mediterranean coast. It is owned 40% by...