Egypt to Double Oil Storage Capacity at Al-Hamra Port in 3 Years: Asharq
08.08.2022 By Ricardo Perez - NEWS

August 8, 2022 [Arab News] – Egypt is working to double the oil storage capacity at Al-Hamra Port within three years, Asharq reported citing an industry source.

 

With the expansion, the capacity will increase to 5.3 million barrels of crude oil.

This comes within the framework of the government’s plans to develop the new Alamein area, as well as becoming a regional center for energy storage, trading and trade.

Operated by the Western Desert Operating Petroleum Co. and built to handle ore produced in the Western Desert, Al-Hamra Port has six storage tanks and one buoy mooring facility for loading and unloading.

“Expansion plans have been in place for several years and today we laid the foundation stone for them. The aim of the expansions is to develop the new Alamein area and provide energy for the factories that will be established there,” the source added.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Petronas and Japan's ENEOS Xplora Agree on 10% Stake in Malaysia LNG Plant
04.30.2026 - NEWS
April 30, 2026 [Reuters]- Malaysia’s state energy firm Petronas said it has signed definiti... Read More
Valero Energy Beats Profit Estimates on Strong Refining Performance
04.30.2026 - NEWS
April 30, 2026 [Reuters]- U.S. refiner Valero Energy surpassed Wall Street expectations for first... Read More
PetroChina's First-Quarter Profit Up on Growing Gas and Fuel Sales
04.30.2026 - NEWS
April 30, 2026 [Reuters]- PetroChina, Asia’s largest oil and gas producer, posted a 1.9% ri... Read More
BP Signs Agreement with Venezuela to Develop Offshore Gas Fields
04.30.2026 - NEWS
April 30, 2026 [Reuters]- BP will develop Venezuela’s Cocuina-Manakin gas field, on the mar... Read More