Egypt's oil refinery MIDOR will borrow USD1.2 billion from Credit Agricole Egypt (CAE) and BNP Paribas to finance its expansion plan. The loan will be guaranteed by the Italy’s Central Bank and the Italian Export Development Authority, according to Oil Minister, Tarek El-Molla. MIDOR signed in April 2015 two deals worth USD1.4 billion with US-based engineering company UOP to design the expansion of the refinery, raising its capacity to 160,000 barrels per day from 100,000 barrels per day. The project, which starts in 2016 and will span over three years, will allow Egypt to cut its petroleum product imports and export refined oil products, raising sources of foreign currency. (Ahram)   Credit Agricole: EGP20.94 as of 06 January 2016, Rating: Buy, FV: EGP24.89 per share, MCap: USD831 million, CIEB EY / CIEB.CA