The Ministry of Petroleum and Mineral Resources is developing new infrastructure expansions to transport and store fuel, upgrading efficiency and adding new energies, Egypt Oil and Gas reports.
According to the Minister of Petroleum, Tarek El Molla, 10 new projects for oil and gas transmission lines are underway, in addition to three projects to increase the storage capacity in Delta, Upper Egypt, Greater Cairo, New Administrative Capital, Suez and Ain Al Sukhna, at an investment cost of about EGP 5.6 billion and $646 million.
The minister added that the second phase of the project for storing and distributing petroleum products at the SUMED Port in Al Sukhna, which includes three storage tanks for mazut with a capacity of 105,000 cubic feet, is being implemented. The Sonker project in Ain Al Sukhna is also being carried out, which includes six storage tanks of diesel and butane with a capacity of 250,000 cubic feet.
This comes as one of the main axes of the ministry’s strategy to secure fuel supplies in the local market and support Egypt to become regional oil and gas hub.