The Minster of Petroleum and Resources, Tarek El Molla, has inspected the new petroleum projects in Ain Sokhna, including Sonker’s liquid bulk terminal which is located in the third basin of Al Sokhna Port and will be finalized with $235 million of investments, according to press release.
The minister visited the strategic storage area of the project, which has a capacity of 100,000 cubic meters of diesel and 150,000 cubic meters of butane. The project also contains three pipelines for transporting butane and diesel.
El Molla said during his visit that the petroleum sector is working according to a national strategy to update the infrastructure and establishing distinct petroleum facilities along the Red Sea and Mediterranean through a number of strategic projects which contribute to securing a part of country’s needs of exported petroleum products and enhance Egypt to become a hub for trading oil and gas in the region.
He added that Sonker is a vital and important project, in addition to other projects such as the strategic center for trading crude oil and petroleum products which was established in Sumed at Al Sokhna and Al Hamra Port for shipping, trading and storing petroleum products
The minister pointed out that Sonkar Station is a fruitful and successful cooperation and investment between the petroleum and finance ministries, ٍSuez Canal Economic Zone (SCZone), and the private sector represented by Amiral Holdings Limited and with the implementation of Petrojet’s latest technologies.