Prime Minister, Mostafa Madbouli, has opened a new eight-kilometer crude oil pipeline at Al Hamra petroleum port in Al Alamein worth $100 million, according to a statement posted on Cabinet’s Facebook page.
Al Hamra loading pipeline, which is located 120 Km away from the west of Alexandria and operated by Western Dessert Petroleum Company (WEPCO), is expected to increase port’s capacity to one million barrels of oil per day (b/d). It is considered as a key rout for developing Al Hamra facilities and loading system.
This came during Madbouli’s inspection tour where he was accompanied by the Minister of Petroleum and Mineral Resources, Tarek El Molla.
The Prime Minister asserted the state’s full support for the efforts of developing and raising the efficiency of petroleum ports especially Al Hamra port which is one of the important ports of Mediterranean for its key role in oil trading in western dessert and its contribution to converting Egypt into a regional hub for energy trading.
For his part, El Molla referred to some important projects under implementation in the terminal including establishing of two crude stocks (7,8) at a cost of $64 million to raise the capacity form 1.5 million barrels to 2.8 million barrels.