The AD Ports (AD ports) and TCM project management have signed a Memorandum of Understanding (MO) to discover the performance and joint development of Egyptian strategic crude storage network.
Egyptian crude oil storage system intended Important infrastructure Inside the country National energy value chainStrategically for service Domestic and international marketsReported promotional ports.
A Memorandum of Understanding was signed Karim Badawi, Minister of Petroleum and Minerals For the Arabian Republic of Egypt, Sharif Mahmoud IsaAmbassador to the Arabian Republic of Egypt in the United Arab Emirates, and Tamer ElTCM Project Management Management.
Memorandum by. By Ahmad Al MotawaRegional CEO AD PORTS; Nasser ShameDeputy Minister of Egypt’s Ministry of Petroleum and Mineral Resources; Vat Mahmoud Farag ImranGeneral Director of TCM Project Management.
Potential participation to unlock New efficiency Vat Opportunities of creating value By integrating the advertising port group Operational Specialty Vat Digital capabilities With the establishment of Egypt Energy infrastructureHuman
Crude oil storage facilities to play in Central Role In the area Energy securityWith Supply chain flexibilityAnd facilitate International Crude Oil Trade FlowHuman
Karim Badawi, the Minister of Oil and Mining Resources, said:
We are pleased to sign a memorandum of understanding With both groups of promotional ports, one of us The most important partners In Trade and infrastructureAnd TCM, to discover opportunities Get the amount to the maximum Of advanced Egypt Oil sector assetsEspecially Strategic facilities of crude oil reserveAs well as to identify other mutual interest areas.
“This Targeted participation Falls down Second and sixth columns The integrated strategy of our ministry, To maximize the added value Assets of the Egyptian oil sector and Strengthening regional cooperationEspecially with the United Arab Emirates, which we share with Deep and Various relationships In general Energy fieldFrom upstream extraction and production to downstream transportation, distribution and marketing. “
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Captain Mohammad Jamma El Shamsi, CEO and CEO of the group, Ad Ports Group, said:
“This Memorandum of Understanding highlights our group’s strategic interest in EgyptThe country with which the United Arab Emirates enjoy Deep and enduring bondsHuman
“Potential The performance and development of joint Of Egypt Extensive grid of saving crude oil Our commitment to bring Full power Of ads adverts groups Integrated Business ModelCoating, sea, logistics, economic zones and digital solutions through forgery Long -term strategic partnershipsSupport Economic and industrial goals Egyptian government
“By guiding the prospect of our wise leadership in the UAEWe’ve assigned to advance A Economic relations closer, useful reciprocal With our partners in Egypt, delivery Tangible benefits To Egyptian and EmiratesAnd support our success Strategic partners. “
Earlier this week, the AD ports signed a 50 -year -old land rental agreement with Emirates Food Industries, a member of the National Holding Group.
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