The Egyptian company behind ambitious plans for a major new bunker terminal in Port Said is bidding to set up a terminal and liquid storage facility in the same port.
Mashreq Petroleum is one of the several Egyptian and international companies reported this week to have submitted bids to Egypt’s Port Said Port Authority (PSPA).
The other bids come from companies in Holland, the United Kingdom, Saudi Arabia and Egypt.
An Egyptian report said Mashreq Oil Company already holds initial concessions for dredging, fuel tanks and quay construction.
Mashreq Petroleum, a subsidiary of Taqa, an Egyptian energy company and the biggest private equity company in the region, announced at a Bunkerworld conference in Athens that it would build 150,000 cubic metres of tank capacity in Port Said for bunker fuels.
A company spokesman at the time said the company hoped to bunker some of the 9,000 ships that headed south through the Canal each year, as well the 3,000 ships that visited Port Said's container and cargo terminals.
Mashreq Petroleum is one of the several Egyptian and international companies reported this week to have submitted bids to Egypt’s Port Said Port Authority (PSPA).
The other bids come from companies in Holland, the United Kingdom, Saudi Arabia and Egypt.
An Egyptian report said Mashreq Oil Company already holds initial concessions for dredging, fuel tanks and quay construction.
Mashreq Petroleum, a subsidiary of Taqa, an Egyptian energy company and the biggest private equity company in the region, announced at a Bunkerworld conference in Athens that it would build 150,000 cubic metres of tank capacity in Port Said for bunker fuels.
A company spokesman at the time said the company hoped to bunker some of the 9,000 ships that headed south through the Canal each year, as well the 3,000 ships that visited Port Said's container and cargo terminals.
