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Transport Minister to boost Petroleum Transport fleet
Egyptian Minister of Transport, Kamel El Wazir, chaired meetings of the Egyptian Petroleum Tankers Company. During the sessions, the auditors’ report and the financial results for the year 2025 were approved, revealing profits of approximately $3.8 million. The attendees also discussed plans for fleet development, including the purchase of new tankers and the construction of an Aframax-class vessel, aimed at enhancing the company's capacity to serve the oil sector and achievement of the Ministry of Transport's goals. These include reaching a fleet of 40 vessels by 2030 and increasing cargo transport volume to 30 million tons annually, along with updating and modernizing the current fleet to ensure the highest standards of safety and quality.
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