DUBAI - Egypt's Ennpi and Petrojet signed a memorandum of understanding worth 6 billion Egyptian pounds ($381.56 million) with Assiut Oil Refining Company to develop a new atmospheric distillation unit, the petroleum ministry said on Tuesday.

($1 = 15.7250 Egyptian pounds)

(Reporting by Yomna Ehab; Writing by Nadine Awadalla; Editing by Louise Heavens) ((Nadine.Awadalla@thomsonreuters.com;))