The Egyptian Prime Minister (PM), Mostafa Madbouly, on Wednesday inaugurated the eight-kilometre El-Hamra-Shamandoura crude oil pipeline at a price of $100 million.
The marine pipeline, a key for developing the ability of the El-Hamra Petroleum Port on the Mediterranean Sea, will increase the port’s shipping capacity to 1 million barrels of crude oil per day (BPD), according to a cabinet statement.
El-Hamra Petroleum Port, situated in New Alamein City, is operated by Western Desert Operating Petroleum Company (WEPCO).
additinal, a new storage has been installed, raising the capacity by 250,000 barrels of crude oil to 1.5 million, the Minister of Petroleum, Tarek El-Molla, said.