Mashreq Petroleum, a subsidiary of the Egyptian energy company Taqa, had originally said it wanted the terminal to be in operation next year.
The company announced in 2007 it was building tank storage, with capacity for 150,000 metric tonnes (mt) of bunker fuel, on a site close to the container terminal on the eastern side of Port Said.
Meanwhile Egyptian officials this week said tenders were to be issued to build a third container terminal at the port.
It currently has one terminal that handled 2.4 million twenty-foot equivalent units (TEUs) last year, roughly 40% of Egypt’s total container traffic.
A second container terminal is already under construction.
The Transport Ministry said the third terminal was part of a plan to boost container capacity at Port Said’s East Port to 13 million TEUs a year by 2030.
“I think we will be the first (in the Mediterranean) within the next two to three years in terms of container traffic,” Transport Minister Mohamed Mansour told Reuters, speaking shortly before he resigned this week.
Mansour added that the third container terminal tender would be issued in 2010.
Port Said is at the northern entrance to the Suez Canal .