Egypt expands petroleum storage with 42.7 billion EGP investment

The Egyptian Cabinet Media Center has released details regarding the expansion of the nation's petroleum and petroleum product storage systems. Over the past 12 years, Egypt has completed 84 storage warehouses with a total investment of approximately 42.7 billion Egyptian pounds, reaching a storage capacity of 5.2 million tons.

Key completed projects include butane storage facilities in Sohag and Alexandria, the marine pier and storage facilities project at SUMED, and the liquid bulk terminal project at Sinochem Sokhna, alongside strategic crude oil storage warehouses.

To further secure local market needs and stabilize supplies, new projects are currently underway with total investments estimated at 54 billion Egyptian pounds. These ongoing developments include the expansion of the Al Hamra petroleum port in El Alamein, the establishment of an aviation fuel storage and transport system at the Badr warehouse, and the construction of new warehouses for the Amreya, Assiut, and Cairo petroleum refining companies.