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Bunkering station planned for Egypt

28 Dec 2017

There are plans to build a $200 million bunkering facility likely at the Suez Canal Economic Zone (SCZone) at Egypt, says the Managing Director of Clarksons Shipping Agency.

Though the final location of the facility has not been selected yet, the company is in talks with two global firms to build the bunkering station, Mohamed Metawi told Daily News Egypt.

“We hope to seal the deal with one of the two companies in 2018,” he added.

According to Mohamed, Egypt is experiencing growth in its oil and gas sector. The demarcation process in the Mediterranean and the Red Sea has resulted Egypt issuing oil exploration tenders.

“This is why we are working to utilise these opportunities,” he notes.

Photo credit: Suez Canal Economic Zone
Published: 28 December, 2017
 

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