Home Oil and Gas Egypt inaugurates $100 million marine crude oil pipeline

Egypt inaugurates $100 million marine crude oil pipeline

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.

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