A $1.4bn project to upgrade and expand Egypt’s 100,000 b/d Midor refinery in Alexandria to 160,000 b/d has been delayed by another 18 months at least, according to the state-controlled company. State-run EGPC’s chief executive Tarek El Hadidi said in February that the project was on course for completion by the beginning of 2019. But problems securing funding have pushed this back by more than a year and a half. Midor is now targeting completion by the end of 2020. The original timetable envisaged the expansion project being completed in 2018. Midor secured $1.2bn in financing for the project from three European banks, France’s BNP Paribas and Credit Agricole, and Italy’s CDP, in early 2016. The remainder was to be financed by Midor’s shareholders, of which EGPC is the largest.
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机译：根据国家控制公司的说法，14亿美元用于升级和扩大埃及的100,000个埃及100,000b / d Midmor炼油厂，延迟了另外18个月的18个月。 国务院EGPC的首席执行官Tarek El Hadidi于二月表示，该项目始于2019年初完成。但保护资金的问题已将其推迟超过一年半。 MIDOR目前截至2020年底的拟完成。原来的时间表设想在2018年完成的扩张项目。在早期，MIDOR获得了来自三个欧洲银行，法国BNP Paribas和Credit Agricole和意大利的CDP的项目的融资1.2亿美元 2016年。其余的是MIDOR股东的资助，EGPC是最大的。
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