The Minister of Petroleum and Mineral Resources, Tarek El Molla, accompanied by Adel El-Ghadban, Port Said’s Governor, launched two new oil tankers (Egypt 2,3) to supply ships with fuel in the Port Said Port, a press release reported.

The two oil tankers were inaugurated in favor of Misr Petroleum Company, and their investments worth around $14 million.

The minister pointed out that these tankers have a European design, that comes in line with the ministry’s Modernization Project. In addition to that, the ministry pays a great deal of attention to design the new tankers according to international standards, which help Egypt to reinforce and recover its competitiveness.

The Chairman of Misr Petroleum Company, Hussien Fathy, said that the storage capacity of each tanker is 1,750 tons, in addition, each one is equipped with three pumpers with compressing capacities reaches 450 tons of mazut per hour and 125 tons of diesel per hour.

It is noted that the two tankers are planned to operate in Port Said Port and Suez Port to maximize the company’s revenues.