ExxonMobil considers Egypt’s Damietta port for logistics centre

Damietta Port Authority (DPA) Chairman Tariq Shaheen has discussed investment opportunities with a delegation from ExxonMobil, Al Borsa reported.

ExxonMobil is reportedly considering to establish a logistics center in the port, which enjoys a strategic location near Egypt’s recent offshore natural gas discoveries in the East Mediterranean, as well as a strong infrastructure.

The DPA chairman emphasized his readiness to offer all the available facilities to carry out this kind of projects, especially with multiple international companies operating in Mediterranean fields.

The ExxonMobil delegation visited the port to review its location and facilities.

It was announced during the 2019 Egypt Petroleum Show (EGYPS) that ExxonMobil was awarded its first contract for natural gas exploration in Egypt, which also marked the company’s return to upstream operations, after a period of exclusively working in downstream.

Source: energy mix report

Egypt Oil & Gas