TechnipFMC (NYSE: FTI) (Paris: FTI) has successfully completed the remaining requirements for the start of the engineering, procurement, and construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt.
As previously stated, this major (1) EPC contract covers the debottlenecking of existing units, the delivery of new units including Crude and Vacuum Distillation Unit, a hydrogen production facility based on our steam reforming technology, and interconnecting , offsites and utilities. Starting in 2022, the modernized complex will produce Euro V products, with a 60% increase in the refinery's original capacity to 160,000 barrels per day of crude oil.
The contract will be included in the company's first quarter 2019 inbound orders in its Onshore / Offshore segment.
(1) For TechnipFMC, a "major" contract is over $ 1 trillion.