Citadel Capital to focus on Suez Canal bunkering project in 2013
Cairo's Citadel Capital says its focus for 2013 is Mashreq, a fuel bunkering terminal and logistics hub on the Suez Canal, and has made "strong progress" on the project, Ship & Bunker reports.
Citadel Capital subsidiary Mashreq Petroleum recently announced that it had signed a 25-year concession agreement with Port Said Port Authority to provide fuel bunkering services for vessels using the Suez Canal.
"The project will provide storage services products, liquid bulk by pooling shipments and fragmentation (making and breaking bulk), in order to meet the needs of the markets in Southern Asia, Middle East and Mediterranean coast markets," said Tamer Abu Bakr, chairman and managing director of Mashreq Petroleum.
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