UAE’s NBAD and Egypt’s NBE to advise on Egypt Midor’s $1.4bn expansion

National Bank of Abu Dhabi (NBAD), the United Arab Emirates’ largest lender by assets, and National Bank of Egypt will be financial advisers for Egypt’s Middle East Oil Refinery Company’s (Midor) $1.4 billion expansion, NBAD said Thursday.

The expansion will increase the company’s refining capacity to 160,000 barrels per day from 100,000 barrels per day, the statement said.

Source: Reuters