IFLR1000

Midor $1.2 billion oil refinery upgrade project financing

15/4/2015
Project finance
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$ 1.2 billion

Announced

15/4/2015

Overview:

  • MIDOR received $1.2 billion in financing from SACE for the expansion of an oil refinery in Alexandria, Egypt.  
  • SACE and the Ministry of Finance guaranteed the transaction with a "back-to-back structure".
  • MIDOR hopes to expand its refinery by 60%, increasing its capacity from 100,000 to 160,000 barrels per a day. 

Rani Mehta - Journalist 

Jurisdiction:

Egypt

Deal type:

Project finance

Practice area:

Project finance

Governing laws:

England and Wales
Egypt

Industry sector:

Oil and gas

Firms:
Shalakany Law Office

Party: SACE (Lender)

Lawyer: Aly El Shalakany

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