Wepco contracts with Enppi and Petrojet to establish two crude tanks with $64 million investments

Published on : 2020-06-14

The Western Sahara Petroleum Company (WEPCO), headed by Eng. Ibrahim Masoud, Chairman and Managing Director, contracted Enppi, headed by Eng. Ashraf Bahauddin, Chairman and Managing Director, and Petrojet, headed by Eng. Walid Lutfi, Chairman of the Board and Managing Director for the establishment of two warehouses to store crude oil for the purpose of increasing the storage capacity of the Al-Hamra Petroleum Port to ensure the reception of crude oil produced by companies operating in the Western Desert.

WEPCO is currently establishing warehouses numbers “7-8” through the general contractor Petrojet and Engineering Supervision through Enppi, at an estimated total cost of about $32 million per warehouse, with the aim of increasing the total capacity of the Al Hamra Petroleum Port from 1.5 million barrels to 2.6 million barrels.

Related Articles

Reuters: Egypt LNG exports expected to rise in October

Egypt liquefied natural gas (LNG) exports are expected to rise in October from the previous month, trading and industry sources told Reuters on Wednesday

Read More

ANRPC invests $12m to raise high-octane gasoline output

Alexandria National Refining and Petrochemicals Co (ANRPC) is building a project to increase high-octane gasoline production to 2 million tonnes per day at an estimated cost of $12 million.

Read More

Egypt to sign electricity interconnection deal with Greece on Thursday

Egypt is set to sign a preliminary agreement with Greece to establish a large electricity cable connecting the two

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger