MIDROC-Mohammed International Development Research and Organization Companies is a company owned by Sheik Mohammed Hussein Al Amoudi. It has operations in Europe, the Middle East, and Africa. Through its Corral Petroleum Holdings AB, MIDROC has become a major independent

oil company The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest ...

Operations

Midroc has operations across three continents, over 50,000 employees and a turnover of $25 billion. The group is active in various sectors, including industry,

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

, oil and fuel, production, energy and

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic ...

Midroc Europe

Midroc Europe was a privately owned corporate group based in Sweden active in the properties,

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and ...

, industry and

environmental technology Environmental technology (envirotech) or green technology (greentech), also known as ''clean technology'' (''cleantech''), is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devi ...

sectors. In January 2022, the Midroc Group, which included Midroc Europe, became Granitor.

MIDROC Ethiopia

MIDROC Ethiopia was established in 1994. In 2011 it made a profit of 1.3bn birr (US$70m). MIDROC has major

gold mining Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surfac ...

interests in Ethiopia and it is reported that MIDROC Gold Mine (a subsidiary of MIDROC Ethiopia) has paid the Ethiopian Government 100.1 million birr in royalties, the largest contribution of any mining company. Midroc Gold is Ethiopia's sole gold exporter. Its Lega Dembi Mine has a yearly average production of around 4,500 kg of gold and silver. MIDROC owns 70% of National Oil Ethiopia, which competes with YBF, TAF and five other companies in the national petrol market and is establishing a major steel plant (Tossa) in Amhara. This latter is Ethiopia's first industrial steel production plant and is intended to meet a major increase in domestic demand, estimated to rise from 1.2m tonnes to 3.1m tonnes per annum between 2011 and 2014. In August 2008, MIDROC opened a small cement factory on the outskirts of the town, which produces 4,000

quintals The quintal or centner is a historical unit of mass in many countries which is usually defined as 100 base units, such as pounds or kilograms. It is a traditional unit of weight in France, Portugal, and Spain and their former colonies. It is com ...

of cement per day. Some of the output of this factory was used in the construction of the larger Derba Midroc Cement Factory, which is located 70 kilometers north of

Addis Ababa Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the 2007 census, ...

and is the largest cement factory in Ethiopia. North Holdings Investment announced 17 October 2009 that it had completed a feasibility study for its own cement factory at Dejen, which would be built on 450 hectares of land. Construction of the factory will cost around US$1.6 billion, and once completed it would have a production capacity of nine million tons a year. MIDROC also built the Sheraton Addis hotel.

Midroc Middle East

Midroc Middle East is a privately owned corporate group active in the

engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

and

and the industrial sectors. * ABV Rock Group Ltd * EG&G Middle East * Saudi ABV * Yanbu Steel * Metals Services * Trans Desert Transport * Golden Leaves

References

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External links

http://www.midroc.com/
Home page Companies of Ethiopia Oil and gas companies of Ethiopia Petroleum industry in Saudi Arabia