Egypt to complete refinery project before 2024
9 May 2023
The project to expand and upgrade Egypt’s Middle East Oil Refinery (Midor) facility is expected to be completed and commissioned before the end of the year, according to industry sources.
The project has an investment value of $2.4bn, according to the country’s Petroleum & Mineral Resources Ministry, and is expected to increase the refinery’s capacity by 60 per cent.
The project is progressing after significant delays over recent years, sources close to the project told MEED.
“Some of the units are operational,” said one source. “All of the units are expected to be operational and fully commissioned by the end of the year.”
Previously the project was scheduled to be commissioned in 2022.
The project is being executed by a consortium of French oil and gas contractor TechnipFMC in partnership with state-owned Egyptian contractor Petrojet and Enppi, a subsidiary of Egypt’s national oil company Egyptian General Petroleum Corporation (EGPC).
TechnipFMC said in November 2019 that it had been awarded the main engineering, procurement and construction (EPC) contract for the project, located near Alexandria.
At the time, TechnipFMC said the contract was worth more than $1bn.
Regional projects tracker MEED Projects estimates that the main contract was worth about $1.7bn.
Italian investment bank Cassa Depositi e Prestiti (CDP) Group has provided financing worth $1.2bn to TechnipFMC and to 100 other Italian small and medium-sized enterprises (SMEs) working on the project.
The funding was guaranteed by Italian lender Sace and granted by CDP, Credit Agricole CIB and BNP Paribas Fortis – with Sace and CDP acting as mandated lead arrangers.
TechnipFMC’s contract covers the debottlenecking of existing units, the delivery of new units including a crude and vacuum distillation unit and a hydrogen production facility based on the firm’s steam reforming technology, as well as various process units, interconnecting elements, offsites and utilities.
The project will increase the complex’s crude refining capacity to 160,000 barrels a day. Once completed, the revamped Midor facility will produce Euro 5 products.
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The EOI was issued on 1 April, with a submission deadline of 15 April.
The project scope covers the equipping, operation and maintenance of municipal food safety laboratories across five municipalities: Hafr Al-Batin, Northern Borders, Tabuk, Qassim and Al-Ahsa.
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NCP said in a statement: “The project is intended to strengthen public health and safety standards for citizens and residents of the kingdom in alignment with Saudi Vision 2030, while developing the municipal monitoring ecosystem, optimising food and water testing services, and enabling private sector participation in accordance with global best practices.”
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Parsons to project manage Al-Ittihad Sports Village in Jeddah2 April 2026
US-based engineering firm Parsons Corporation has been awarded a contract by Saudi Arabia’s Al-Ittihad Club Company to act as project management consultant for the Al-Ittihad Sports Village in Jeddah.
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In May last year, Parsons also confirmed its appointment as delivery partner for the airside and landside packages at King Salman International airport in Riyadh.
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Read the April 2026 MEED Business Review2 April 2026
Download / Subscribe / 14-day trial access When the first missiles and drones were fired at the GCC on 28 February, the region’s economic story pivoted abruptly, from long-term vision-building to near-term resilience.
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Consultants submit bids for Al-Maktoum airport metro link2 April 2026

French firm Egis has emerged as the lowest bidder for the design contract for the Route 2020 extension, which will start from the Expo 2020 metro station and connect with Al-Maktoum International airport’s West Terminal.
Egis submitted the lowest bid, priced at AED232.6m ($63.3m).
The other bidders are:
- Halcrow International (UK): $66.4m
- Parsons (US): $71.3m
- Aecom (US): $82.6m
- Surbana Jurong (Singapore): $106m
The extension to the line will run for about 3 kilometres (km) and will feature two stations.
MEED understands that the invitation to bid was issued in January with a submission deadline of mid-March.
The existing Route 2020 metro link is a 15km-long line that branches off the Red Line at Jebel Ali metro station. The line comprises 11.8km of elevated tracks and 3.2km of tunnels, and has five elevated stations and two underground stations.
The Roads & Transport Authority (RTA) awarded the AED10.6bn ($2.9bn) design-and-build contract for the project to a consortium of Spain’s Acciona, Turkiye’s Gulermak and France’s Alstom in 2016.
Dubai’s plans for its metro network do not stop with connecting the extension of the Route 2020 metro line to Al-Maktoum International airport. There are long-term plans for further extensions.
Other metro projects
In October last year, MEED exclusively reported that the RTA had selected US-based engineering firm Aecom to provide consultancy services for the upcoming Dubai Metro Gold Line project, also known as Metro Line 4.
The Gold Line will start at Al-Ghubaiba in Bur Dubai. It will run parallel to – and alleviate pressure on – the existing Red Line, before heading inland to Business Bay, Meydan, Global Village and residential developments in Dubailand.
The other metro lines in the pipeline are the Purple Line and the Pink Line, both of which are in the early stages of development.
Firms are also bidding to update the emirate’s rail masterplan. In October 2025, MEED reported that 10 firms had submitted offers to undertake the project.
The rail masterplan study will update and modify the RTA’s rail network, which includes the Dubai Metro and Dubai Tram. These plans will support Dubai’s 2040 urban masterplan, which aims for all residents to be within a 30-minute metro or light-rail trip to their place of work.
The existing network includes the Red and Green lines of the Dubai Metro and the Dubai Tram, which connects Al-Sufouh and Dubai Marina to the metro network. The last rail project to start operations in Dubai was the Red Line extension that opened for Expo 2020.
There are also existing and planned rail lines connecting Dubai to other emirates that are being developed and operated by Abu Dhabi-based Etihad Rail. These include passenger and freight services as well as a high-speed rail connection.
In December 2024, the RTA awarded a AED20.5bn main contract for the Dubai Metro Blue Line project to a consortium of Turkish firms Limak Holding and Mapa Group and the Hong Kong office of China Railway Rolling Stock Corporation.
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Chevron to drill two gas wells in Egypt before 20272 April 2026
Chevron is planning to drill two new gas wells this year, one in the Narges field and another in the Western Mediterranean, according to Clay Neff, the president of exploration operations at the company.
The well in the Western Mediterranean area is due to be drilled in partnership with the London-headquartered oil and gas company Shell.
Egypt and the broader East Mediterranean region will be core pillars of Chevron’s investment roadmap over the coming years, Neff said.
He also said that the investments in Egypt reflected the Eastern Mediterranean’s growing strategic importance within Chevron’s global portfolio
According to Neff, Chevron is aiming to increase its operational production capacity in the region by as much as 50% over the next five years, something that is expected to strengthen cash generation and enhance profitability from its regional operations.
Chevron’s presence in Egypt dates back nearly nine decades, beginning in 1937 with the distribution of petroleum products before expanding into exploration and production activities in recent years.
The company currently produces more than 2 billion cubic feet of gas a day across the Eastern Mediterranean.
Chevron is advancing broader expansion initiatives in the Eastern Mediterranean region that include modernising existing facilities and increasing production capacity, alongside ongoing engineering and design work on the Aphrodite gas field in Cyprus.
A recently signed government agreement enables the construction of a subsea pipeline connecting Cyprus directly to Egypt.
Neff said the company is targeting an early final investment decision on the project next year, expressing confidence that close cooperation between Cairo and Nicosia will support timely progress.
He emphasised that meeting domestic and regional energy demand remains the company’s top priority before directing additional supplies toward export markets in Europe or elsewhere.
Neff said that Egypt’s well-developed energy infrastructure, particularly its pipeline network and liquefaction plants, provided a strategic edge, adding that new discoveries and capacity expansions will gradually support higher export volumes while safeguarding local supply needs.
The comments from Neff come shortly after it was announced that the UK oil and gas company BP was making progress with its campaign to drill five wells in Egypt’s portion of the Mediterranean.
BP’s Fayoum 4 well is scheduled to start production in July, with an estimated output of around 100 million cubic feet of gas a day.
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