The Western Sahara Petroleum Company (WEPCO), the Managing of al-Hamra Terminal and Oil Pipelines, said that the first phase of storage facilities, with a capacity of 130,000 tons of petroleum products, is being completed and includes eight facilities for storing diesel, gasoline and aviation fuel.
Al Molla inspects the Suez Methanol Derivatives Plant in Damietta meobserver.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from meobserver.org Daily Mail and Mail on Sunday newspapers.
The State is planning to lure major foreign investments in the oil and gas industry, while working on increasing the supply of electricity generated from new and renewable sources to 42 per cent by 2035, Minister of Petroleum and Mineral Resources Tarek al-Molla said.
Prime Minister Moustafa Madbouly has stressed that the State is keen on taking intensive actions on the dues of foreign petroleum companies working in Egypt through implementing a mechanism for repaying such dues.
The Vice President of the UAE National Marine Dredging Company, Nasser al-Marzouqi, unveiled a huge project to establish oil pipelines linking Egypt to Europe at depths that could reach 2,000 kilometers.