The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting with officials of Mercuria International Company to discuss ways to increase Egypt’s role as an integrated central hub for ship bunkering services which is supported by Egypt’s geographical location and infrastructure.

The meeting was attended by Osama Rabie, Chairman of the Suez Canal Authority (SCA), Yehia Zaki, Chairman of Suez Canal Economic Zone (SCZone) and the members of the technical committee for the ship bunkering services project in Egyptian ports.

During the meeting, El Molla stressed the necessity of finalizing the work plan’s proposal, and setting a road map with targets and timelines. In addition to finalizing the set of conditions and requirements  that should be fulfilled by companies to obtain licenses in the ports area of Alexandria, Port Said, Damietta and the Red Sea. El Molla also stressed the importance to enhance competitiveness and raising the efficiency of local companies operating in this field.