Company: Middle East Oil Refineries (MIDOR)
Country: Egypt
Sector: Oil and gas
CEO: Amr Lotfy (Chairman and Managing Director)
Website: https://www.midor.com.eg/
Careers Page: Not publicly listed
LinkedIn: https://www.linkedin.com/company/middle-east-oil-refinery-midor-
Email: Not publicly listed
Headquarters: Amreya, Alexandria, Egypt
Founded: 2002
Valuation/Revenue: $2.43bn revenue (African Business Top 250, 2025 ranking); 2024 net profit of $129m, up 63% year-on-year (Egypt Oil & Gas, reporting FY2024 results)
Middle East Oil Refineries (MIDOR) is one of Egypt’s largest petroleum refining companies, processing crude oil into gasoline, diesel, jet fuel and other petroleum products at its refinery complex in Amreya, near Alexandria. It is a joint-stock company combining state and private capital, and is considered a cornerstone of Egypt’s downstream energy sector and fuel security strategy.
What Does MIDOR Do?
MIDOR operates one of Egypt’s most modern refining complexes, converting imported and domestic crude into refined fuels for the local market and, increasingly, for export. In 2025 the company announced it had raised operating capacity to roughly 160,000 barrels per day as part of an expansion and modernization push intended to cut Egypt’s reliance on imported refined products. The company has invested heavily in upgrading units to allow it to process a wider mix of crude grades and produce higher-value, lower-sulphur products in line with international fuel specifications.
How Big Is MIDOR?
By revenue, MIDOR is a heavyweight in Egypt’s industrial economy, generating roughly $2.4 billion in the year covered by African Business magazine’s Top 250 African companies ranking for 2025, placing it 66th on that list. Egypt Oil & Gas, a specialist trade publication, reported that MIDOR’s net profit after tax rose 63% in 2024 to about $129 million, driven by higher throughput — the refinery processed roughly 46 million barrels in 2024, up from 29 million the year before. Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has publicly described MIDOR as central to the country’s downstream fuel strategy, underlining its scale within the state-linked energy sector.
Who Owns MIDOR?
MIDOR was established as a private joint venture in the late 1990s, originally involving Egyptian and Israeli investors. The Israeli shareholders exited around 2000, selling their stake to Egyptian state-affiliated banking interests, notably the National Bank of Egypt. Since then, MIDOR has operated with a mixed ownership structure combining state banking interests and private shareholders, alongside close coordination with the Egyptian General Petroleum Corporation (EGPC) and the Ministry of Petroleum, which oversee Egypt’s broader refining and fuel-distribution sector. It is not a purely state-owned company in the way EGPC’s own operating subsidiaries are, but government-linked capital plays a significant role in its shareholder base.
Who Is the CEO of MIDOR?
As of 2025, Amr Lotfy holds the top leadership role at MIDOR, described in company and trade-press coverage as Chairman and Managing Director. He has represented the company at industry events, including fire-safety and operational-certification milestones reported by Egypt Oil & Gas in 2025. Earlier company communications had referenced other executives in similar roles, reflecting periodic leadership transitions typical of Egypt’s state-linked industrial sector; Lotfy is the most recently confirmed name associated with the top post.
Is MIDOR Still Operating in 2026?
Yes. MIDOR remains an active, operating refinery and was reported in mid-2025 to be expanding its processing capacity, not winding down. Recent coverage from Egypt Oil & Gas and other regional energy trade press through 2025 describes ongoing investment, rising production volumes and profit growth, indicating the company is a going concern central to Egypt’s fuel supply rather than a legacy or distressed asset.
Where Is MIDOR Headquartered?
MIDOR’s refinery and primary operations are based in Amreya, on the outskirts of Alexandria, Egypt — a hub for the country’s petroleum refining and petrochemical industry given its coastal access for crude imports and product exports.
How Does MIDOR Compare to Egypt’s Other Refiners?
MIDOR competes and cooperates with other major Egyptian refining assets, including those operated directly by EGPC subsidiaries and the Assiut National Oil Processing Company (ANOPC). Egypt’s refining sector overall has been the subject of a national modernization push aimed at reducing the country’s fuel import bill, with MIDOR positioned as one of the more technically advanced and higher-throughput refineries in that landscape, alongside state-run peers that are typically older and less flexible in the crude grades they can process.
What Has MIDOR Been in the News For Recently?
Coverage through 2024 and 2025 has focused on MIDOR’s expansion program, its profit growth, and its role in Egypt’s fuel security drive as the government works to cut costly refined-product imports. The company’s 2024 general assembly meeting was attended by Egypt’s Minister of Petroleum, underscoring MIDOR’s strategic importance to state energy policy even though it is not wholly state-owned.
Links
Website: https://www.midor.com.eg/
Careers Page: Not found
LinkedIn: https://www.linkedin.com/company/middle-east-oil-refinery-midor-
Email: Not publicly listed
FAQ
Is MIDOR a government company?
Not entirely — MIDOR is a joint-stock company with a mixed ownership structure that includes Egyptian state-affiliated banks and private shareholders, operating alongside (but distinct from) fully state-owned entities like EGPC.
What does MIDOR produce?
Refined petroleum products including gasoline, diesel and jet fuel, processed from crude oil at its Amreya refinery near Alexandria.
How much revenue does MIDOR generate?
Approximately $2.4 billion, per African Business magazine’s Top 250 African companies ranking for 2025.
Who is the CEO of MIDOR?
Amr Lotfy is identified in 2025 reporting as Chairman and Managing Director.
Where is MIDOR located?
In Amreya, near Alexandria, Egypt.
Is MIDOR expanding?
Yes — the company raised its operating capacity to about 160,000 barrels per day as of 2025 as part of a modernization program.