Eng. Sameh Fahmy assured, "MIDOR's entire production is to be dedicated to the local market rather than exportation".

The Minister of Petroleum, Engineer Sameh Fahmy, declared the importance of the refining industry for its strategic value and being the main source to cover the country's needs of the various Petroleum Products. Moreover, he asked for the continuation of the improvement of the Egyptian refineries' operation economy, with the aim of maximizing the operation capacity in order to increase the revenues and the added value, under the challenges that face the refining industry on the international level, as a result of decline of the oil products prices resulting from the world financial crisis and the need of work with an advanced economic assessment as well as flexible plans and programs.

Chemist Medhat Youssef, MIDOR's chairman and CEO, has noted that starting from the second quarter of the Year 2009, the company intends to direct its entire gasoline production to the local market rather than its exportation, in accordance with the Petroleum Ministry strategy by giving the priorities to the local market by adding the gasoline to the diesel fuel that is entirely dedicated to the local market.  He also added that the company managed for the first time during 2008 to register the zero Mazot production.

During the eighth production year, the company also managed to surpass the designed capacity achieving 36.6m bbls (equivalent to 5.03m tons of different kinds of crude oil, waxy distillates and mazot, in comparison with 32 mBbls during Year 2007). The company also managed to achieve $2.4billion the total revenues, despite the world's changes and critical fluctuations passing through the financial crisis that is witnessed in the second half of the Year 2008.

The company succeeded in exporting and delivering 10 cargoes of high octane gasoline with quantities of around 315000 tons with an amount of $285m, to the markets of UK, USA, India, KSA and Tunisia.

Similarly, it exported 38 cargoes of jet fuels with quantities of around 820000 tons with an amount of $818m, to the markets of Italy, Turkey, Netherlands, Cyprus and Tunisia. On the other hand, the Company sold 450,000 tons of petroleum coke with a value of $36 m to Expo American Company, which managed to export it to the foreign markets.

As for covering the Egyptian market needs, the company delivered to the EGPC, a number of 118 cargoes of low sulphur diesel with quantities of 5.2 m tons (equivalent to 25% of the Egyptian consumption) with an amount of $2.3 m. Also a number of 150 cargoes of LPG equivalent to 153,000 tons with an amount of $116m; similarly, a quantity of 563,000 tons of high octane gasoline with an amount of $475m and 162,000 tons of reformat with an amount of $154m, in addition to 304,000 tons of jet fuel with an amount of $284m.

In view of the fact that the Company's policy is directed to globalization, it subscribed in the International Solomon Organization, to evaluate its performance, after the serious steps in the fields of the ideal utilization of the available capacity, maintenance and processing methods.