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Egypt launches free oil and gas zone in El Alamein
The Egyptian government has announced the establishment of a free zone for oil and gas in the city of Alamein on the Mediterranean coast, aiming to enhance Egypt's position as a regional hub for the trading of petroleum products. The zone will specialize in storage and trading activities for petroleum products and crude oil, covering an area of 738,000 square meters. This initiative is expected to secure a strategic energy stockpile for several months, strengthen Egypt's role in energy trade, and connect European markets with Arab markets—especially amidst regional challenges and fluctuations in oil supplies. Additionally, it will help increase oil and gas exports to global markets.
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