Saturday, June 03, 2017
MIDOR Refinery Expansions

Project management meeting was held during  3-5 June 2017 between MIDOR, Amec Foster Wheeler (owner representative), Technip (general contractor of the project) at Technip premises in Rome to discuss the following:

 

  1. The latest status of project “Early Work Activities”.
  2. Agree on the time schedule to complete the "Open Book Estimate" at end of November 2017 to determine the project cost of EPC.
  3. Discuss the pending technical issues between Technip and process units licensors (UOP & BHTS).


 

 Project management meeting was held between MIDOR, Amec Foster Wheeler (owner representative), Technip (general contractor of the project), representatives of the three Bank lenders, Italian Export Credit Agency (SACE) and representatives from Italian Siemest at SACE premises in Rome to discuss the following:

 

  1. Setting the path forward to perform the required actions from each side in accordance with the issuance of the MOF guarantee from the Egyptian Ministry of Finance for MIDOR project.
  2. Time schedule for the execution of these actions during 2017.
  3. Both "Mandate Letter & Term Sheet" were initiated between MIDOR and representatives of the three Bank lenders to start preparation for the loan agreement of the project.

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