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Egypt’s Midor refinery seeks $400 million via IPO
CAIRO (Reuters) – Egypt’s state-owned Middle East Oil Refinery (Midor) seeks to raise $400 million with an initial public offering (IPO) in the last quarter of 2015, three sources with direct knowledge of the process said on Tuesday. Midor, Egypt’s largest oil refinery, plans to expand its output during the next two years. It provides around 25 percent of the petroleum products consumed by the local market. It is not yet known whether the IPO…
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