en.Wedoany.com Reported - Egypt plans to complete a $457 million expansion of the New Alamein Hamra Oil Port by December. The project, developed by state-owned enterprise Wepco in cooperation with Fujairah, UAE, will increase crude oil storage capacity from the current 2.5 million barrels to 5.3 million barrels. Arabic Press reported the plan citing government sources.

The expansion is divided into two parts: $122 million for the northern section and $335 million for the southern section. The southern section will build a petroleum product storage and loading complex to be developed in two phases, with a total capacity of 130,000 tons, featuring storage tanks for diesel, gasoline, and aviation fuel. The Egyptian government also plans to further expand Hamra's crude oil storage capacity to 20 million barrels and petroleum product storage capacity to 400,000 tons by 2030.

Egypt's Ministry of Petroleum plans to complete a new pipeline connecting the Midor Refinery to Hamra Port in the second half of this year, enabling refined products to be transported to the port for storage and export. The project will complete a two-way system that currently allows crude oil to be shipped from Hamra to Midor for processing, enabling Egypt to import crude oil, refine it domestically, and re-export higher-value petroleum products.

Fujairah, UAE, launched a $3 billion petroleum logistics zone project at Hamra Port last October. This followed the signing of three agreements between Egypt's Ministry of Petroleum and the Emirate of Fujairah, covering the establishment of a logistics zone joint-stock company in Alamein, crude oil storage at Hamra Port, and the supply of petroleum products to the Egyptian General Petroleum Corporation.