Egyptian President, Abdel Fattah El Sisi, visited and followed up on the oil and gas facility in the Alexandria Port, Sada El Balad published a video of the visit.
Minister of Petroleum and Mineral Resources, Tarek El Molla, welcomed the president, stating that based on the presidential directives to turn Egypt into a regional oil and gas trading hub, the oil and sector set a plan, five years ago, to develop all the petroleum ports.
Egypt was able during the period from 2015 to 2021 to boost ports’ capacities by 85%, increasing from 45 million tons/year to 76 million tons per year, El Molla noted, adding that the development is ongoing.
“It was crucial to develop the petroleum facility, especially as the Alexandria port is a major port dealing with the oil and gas companies operating in Alexandria,” EL Molla pointed out, adding that 40% t0 45% of the oil refining capacities are processed in Alexandria.
El Molla stated that Egypt has a total of 12 petroleum ports, 6 on the Mediterranean Sea, and 6 in the Gulf of Suez on the Red Sea.