Egypt's Middle East Oil Refining Company (MIDOR) significantly increased its production in 2024, refining over 46 million barrels compared to 29 million barrels in 2023, according to Chairman Amr Lotfy's statements during the company's General Assembly meeting to approve its 2024 results. As a result of the refinery's expansion efforts, diesel output rose by 26 per cent, meeting 20 per cent of local demand, while high-octane gasoline production grew by 31 per cent, covering 18 per cent of the domestic market. Additionally, jet fuel production tripled, enabling MIDOR to fully meet local demand and export the surplus, while LPG output increased by 40 per cent. Petroleum Minister Karim Badawi underscored MIDOR's critical role in attracting foreign currency to Egypt, further solidifying its position as a key regional refinery. He stressed the importance of fully utilising the refinery's capacity to enhance economic returns by refining crude oil into high-value petroleum products for local consumption and export. Furthermore, he directed a study on marketing sulphur as a by-product and exploring potential cooperation with Iraq, following discussions held during his recent visit to Baghdad. Major Expansion Projects Underway In line with these efforts, MIDOR's expansion project, which aims to increase production capacity by 160 per cent, has successfully completed performance and operational tests. At the same time, infrastructure developments are progressing, with 80 per cent of the pipeline connecting MIDOR to Al-Hamra Port in Alamein already completed. Once fully operational, this pipeline will provide a vital new export route for petroleum products. Commitment to Safety and Sustainability In addition to its production growth, MIDOR continues to prioritise safety and sustainability. The refinery recorded over 10 million safe working hours in 2024, with approximately 2,500 employees trained in safety protocols. Reinforcing this commitment, Lotfy highlighted MIDOR's ongoing efforts to enhance occupational safety, environmental sustainability, and community development. These initiatives include infrastructure improvements, such as road upgrades, and irrigation projects supporting greenery around its facilities. Strong Financial Performance Reflecting these operational and strategic advancements, MIDOR's financial performance saw a substantial boost. The company's net profit after tax reached $129 million, marking a 63 per cent increase from the previous year. Looking ahead, further production growth is expected in 2025 as new units become fully operational, strengthening MIDOR's role in Egypt's petroleum sector and its contribution to the country's energy security. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
