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.

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