Egypt to resume work on Port Said refueling stations: EQBC
Tariq Hashish - YOUM7/Sami Waheeb

CAIRO: Tariq Hashish, undersecretary of the Egyptian Qatari Business Council (EQBC), said Monday the Mashreq Petroleum Company’s project to establish refueling stations for ships in Sharq Al-Tafrea in Port Said was a Qatari project that was halted after Qatar withdrew investment from Egypt due to the nature of the soil.      

Qatar wanted to be the first investor in the Sharq Al-Tafrea region but it backed out over issues with soil, and so another company will be running the project in cooperation with the Egyptian company Citadel Capital, Hashish added.

The company is scheduled to create four platforms for ship refueling, petroleum products trading and maritime quay for freight on 210,000 square meters at a cost of 104 billion EGP, he said.

Originally published in Youm7.

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