Egypt's Midor leases 50 pct of refinery to BP

DUBAI, July 15 (Reuters) - Egypt's Middle East Oil Refinery (Midor) has leased 50 percent of capacity at its 100,000 barrels-per-day plant in Alexandria to BP (BP.L) for 6 months from July, Midor's chairman said on Tuesday.

BP will market half of the jet fuel produced at the refinery during that time, Midor's Medhat Youssef told Reuters. Midor reserves the right to buy all other products such as gasoline and diesel from BP, he added.

"The lease begins from July and will last for the period of 6 months," Youssef said.

Jet fuel supplies from Midor -- located on the Mediterranean coast -- typically flow to Northwest Europe and the Mediterranean.

Around a fifth of Midor's refined products output is being consumed in the domestic market.

Midor plans to boost capacity to 130,000 bpd by 2011 to meet rising domestic demand, Youssef added. Midor has already awarded the construction of the expansion to contractors, he said.

The state-run Egyptian General Petroleum Corp (EGPC) owns 78 percent of the refinery. EGPC subsidiaries Enppi and Petrojet each own 10 percent. Suez Canal Bank (CANA.CA) owns the remaining 2 percent. (Reporting by Summer Said; editing by Simon Webb)