The Investment Company for Petroleum Services & Projects IPSP recently succeeded in concluding the crude oil processing agreement with the largest state-of-the-art oil refineries in Egypt “MIDOR”.
IPSP has reached an agreement with MIDOR, which allows it to refine more than 2 million barrels of crude oil per month.
Middle East Oil Refinery is a subsidiary of the Egyptian General Petroleum Corporation and the Egyptian Petroleum Ministry. It is worth mentioning that this huge investment agreement has a strategic dimension. It will provide many high-value light oil products in the Egyptian market.
MIDOR Performing the activity of crude oil refining and high-quality petroleum products processing, for domestic and international markets. In order to support the Egyptian national economy, MIDOR’s scope of activities has been extended during the last few years to include trading activities as purchasing and selling crude oil, products and petroleum derivatives, domestically and internationally. MIDOR refinery mixes and blends petroleum products, as well as stores crude, products and fully manufactured petroleum derivatives in its storage tanks.