Egypt to double oil storage capacity at Al-Hamra Port in 3 years: Asharq

RIYADH: Egypt is working to double the oil storage capacity at Al-Hamra Port within three years, Asharq reported citing an industry source.

With the expansion, the capacity will increase to 5.3 million barrels of crude oil.

This comes within the framework of the government’s plans to develop the new Alamein area, as well as becoming a regional center for energy storage, trading and trade.