Egypt's Minister lays groundwork for El-Hamra Terminal’s expansion

$Getty Images/\\tChaiyaporn Baokaew$

Getty Images/ Chaiyaporn Baokaew

The new expansions include adding 120-feddan land to increase the storage capacity in the terminal by adding four warehouses with a capacity of 630,000 barrels for each

Staff Writer, Arab Finance

August 5, 2022

PHOTO

Egypt - The Minister of Petroleum and Mineral Resources Tarek El-Molla laid the groundwork for the expansions of El-Hamra Terminal, according to an official statement on August 4th.

The new expansions include adding 120-feddan land to increase the storage capacity in the terminal by adding four warehouses with a capacity of 630,000 barrels for each.

The additional capacity would bring the El-Hamra Terminal’s total storage capacity to 5.3 million barrels to ease the trade of crude oil and petroleum products within the terminal.

Another 420-feddan land will be added to the terminal which will be utilized for handling oil products. The land will also house a shipping terminal.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.