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اليوم السابع
Al-Fujairah Almanain boosts Egypt-UAE energy ties
Egypt and the United Arab Emirates have announced the establishment of the "Fujairah Alamein Oil & Gas Company," as part of strengthening the strategic partnership between the two countries in the energy sector. The project aims to transform Egypt into a regional hub for the trading and circulation of oil by leveraging its geographic location and infrastructure, particularly the Al-Hamra Port in Alamein, which handled 74 million barrels of crude oil during the 2024/2025 fiscal year, with expansions underway to enhance its storage and distribution capacities. The initiative contributes to attracting investments, developing logistics services related to energy, and supporting Egypt's position as a regional center for energy and trade. It also emphasizes the importance of safety standards and environmental protection to ensure the sustainability of economic returns.
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