Sisi Visits Petroleum Facility in Alexandria Port

Sisi Visits Petroleum Facility in Alexandria Port

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.

Sarah Samir 2944 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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