Egypt to become regional petroleum hub with UAE in partnership worth $3 billion ...Egypt

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Egypt to become regional petroleum hub with UAE in partnership worth $3 billion
source : EGYPT INDEPENDENT ( Egypt ) () 32
Egyptian Prime Minister Mostafa Madbouly has presided over the signing ceremony of a Memorandum of Understanding at the New Alamein City government headquarters to become a regional petroleum hub with the UAE. This landmark agreement between Egypt and the UAE aims to replicate the successful integrated petroleum system of Fujairah at Hamra Port, located on Egypt’s Mediterranean coast. The deal aligns with the Egyptian Ministry of Petroleum and Mineral Resources’ strategy to establish Egypt as a regional hub for crude oil and petroleum products trading. It also aims to leverage existing infrastructure, including port facilities, storage capacities, and marine berths, to facilitate the recepti

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