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Egypt-UAE Joint Venture for Oil and Gas
The Egyptian Ministry of Petroleum and Mineral Resources announced the completion of the establishment of "Fujairah Al-Alamein Oil and Gas Company," which aims to create a logistics zone for storing and trading crude oil and petroleum products at the Al-Alamein Port on the Mediterranean coast. This project comes within the framework of strategic relations between Egypt and the UAE and seeks to enhance Egypt's position as a regional hub for energy trade and exchange. It will utilize the latest operational systems and adhere to global standards to ensure safety and environmental protection. Additionally, it supports the development of Egypt's oil infrastructure by leveraging the port's strategic location and its storage capacities.
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