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اليوم السابع
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Bassem Beha Highlights Al-Fujairah Oil and Gas Cooperation
The article discusses the completion of the establishment of "Fujairah Al Alamain Oil and Gas Company" by Egypt and the UAE, viewing it as a significant step to strengthen economic and investment relations between the two countries. It highlights Egypt’s utilization of its geographical location and oil infrastructure, with a focus on the Red Sea Port in Al Alamain New City, which handles approximately 74 million barrels of crude oil annually (2024/2025). The article also explains that the project aims to develop ports and oil facilities to transform them into a regional energy trading hub, leveraging Emirati expertise in port management. Emphasizing the importance of swift implementation to ensure the project's success and maximize its economic value, it underscores the role of the initiative in making Egypt a sustainable platform for regional and international energy exchanges.
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