Thursday, March 08, 2018
The Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla attended MIDOR General Assembly Meeting

MIDOR held the General Assembly Meeting for the fiscal year 2017 on March 8, 2018, the meeting was attended by Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, EGPC Chief Executive, ENNPI Chairman, PETROJET Chairman, Chief Executive Officer for Gas Market Regulatory Authority and First Undersecretary for Accountability State Authority.

Dr. Mohamed Abdel Aziz, reviewed the results of the fiscal year 2017 and stated that MIDOR achieved the ultimate financial and production indicators since inception. Moreover, during 2017 MIDOR feedstock and activities surpassed 40.5 million barrels and produced more than 3 million tons of various petroleum products for local market, and exported about 1.7 million tons.

Dr. Mohamed Abdel Aziz stated that MIDOR expansions project to increase capacity by 60% is proceeding as per time schedule; to achieve technical and economic return to Egypt as one of the national projects that contributes positively to achieving Egypt’s vision; being an energy hub.

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