Egypt turns Al-Hamra port to main outlet for oil exports
The northern coast port of Al-Hamra will be the main outlet for oil exports after being upgraded, said Egypt's Minister of Petroleum Sameh Fahmi.
The port is now being used to export part of crude shipments, said Fahmi during a recent tour to the harbor.
A shipment from the Western Desert fields' high-quality production which almost equals the purity degree of the international benchmark West Texas crude will be exported monthly, said Fahmi, adding the region's output reached 210,000 barrels per day.
A one million barrel shipment of Kuwaiti crude oil has been received by the Nasr Petroleum Company for refining in Suez as part of a bilateral cooperation agreement between the two countries, said the minister. (menareport.com)
© 2004 Mena Report (www.menareport.com)