|26 January, 2020

Egypt launches two oil tankers with $14mln investments

Each tanker has a storage capacity of 1,750 tonnes

Image used for illustrative purpose. The Mostord oil refinery in Cairo, May 6, 2008.

Image used for illustrative purpose. The Mostord oil refinery in Cairo, May 6, 2008.

REUTERS/Nasser Nuri

Cairo – Mubasher: The Egyptian ministry of petroleum and mineral resources has launched two oil tankers in Port Said and Suez to supply vessels with fuel with total investment of $14 million (EGP 221 million), Ahram Gate reported on Sunday.

The two oil tankers are launched by Misr Petroleum Company, boosting the company’s ship-refuelling sector and bringing the total number of its oil tankers to three, the petroleum minister Tarek El-Molla said.

This move is part of the ministry’s strategy to replace single-hulled tankers with double-hulled ones, El-Molla added, noting that each tanker has a storage capacity of 1,750 tonnes.

Source: Mubasher

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