During the WEPCO assembly, Minister Badawi said that El Hamra Petroleum Port in the El Alamein area is a strategic asset for Egypt's oil infrastructure. He noted that the port has evolved from a simple crude oil handling facility into a regional platform attracting foreign investment, and a key pillar in Egypt’s strategy to become a regional energy hub, thanks to its prime location and growing storage capacity.
The Minister called for accelerating the port’s development
in coordination with the Port of Fujairah in the UAE, leveraging their
successful experience to make El Hamra a world-class specialized energy trading
port on the Mediterranean coast. He also stressed the importance of proactive
measures to ensure environmental protection, a top priority in the oil sector.
WEPCO Chairman Ibrahim Masoud presented the port’s vital
role, reporting that it handled approximately 74 million barrels of crude oil
in 2024/2025. He also reviewed the status of the ongoing north and south
expansion projects. The southern expansion will establish a petroleum products
distribution center with a storage capacity of 130,000 tons to serve the city
of El Alamein and the northwestern coast.
Badr Petroleum sees production surge:
During the Badr Petroleum assembly, Minister Badawi praised
the company's staff for their success in increasing production. He highlighted
the Ministry and Petroleum Authority's commitment to providing all necessary
support to fast-track newly discovered wells into production.
Salah Abdel Karim, Chairman of the Egyptian General
Petroleum Corporation, stated that Badr Petroleum ranked first among the top
five companies that achieved production increases this year.
Ibrahim Masoud, Chairman of Badr Petroleum, announced a significant production leap in the Badr-1 concession area, reaching 143% of the target. Daily production has reached the equivalent of 6,440 barrels of oil. He added that the drilling of two exploratory and two development wells boosted production and raised the company's capacity, while adding new proven reserves of about 10 million barrels of oil equivalent.