Monday, 25 May 2026
Egypt highlights strategic role of Hamra Port in regional energy trade and investment
Egypt’s Minister of Petroleum and Mineral Resources, Eng. Karim Badawy, has underscored the strategic importance of the Hamra Petroleum Port as a pivotal hub for attracting foreign investment and supporting Egypt’s ambitions to become a regional center for energy trade and distribution.
In a recent general assembly meeting held via videoconference for Western Desert Operating Petroleum Co. (WEPCO)—which operates Hamra Port—and Badr Petroleum Company, the minister reviewed the financial and operational results for the 2024/2025 fiscal year, alongside several industry leaders.
Minister Badawy emphasized that Hamra Port has evolved beyond a crude oil terminal, now serving as a regional platform that appeals to global investors thanks to its prime location on Egypt’s Mediterranean coast and its growing storage capabilities. The minister called for the rapid development of the port in collaboration with the UAE’s Fujairah Port, aiming to benefit from their expertise and position Hamra among the world’s leading energy trading ports.
Environmental stewardship remains a top priority, the minister added, calling for proactive measures to ensure environmental protection within Egypt’s oil and gas sector.
Eng. Ibrahim Massoud, Chairman of WEPCO, highlighted the port’s key role in efficient crude oil handling, with approximately 74 million barrels processed during the 2024/2025 fiscal year. He also outlined ongoing expansion projects in both the northern and southern areas of the port, boosting storage capacity to 130,000 tons—serving Egypt’s North Coast and the thriving city of Alamein.
During the assembly for Badr Petroleum Company, Minister Badawy praised the achievements of company staff in increasing production rates and pledged continued support to accelerate the development of newly discovered wells.
Eng. Salah Abdel Karim, Chairman of the Egyptian General Petroleum Corporation, noted that Badr Petroleum led the country’s top five oil companies in production growth this year.
Eng. Massoud added that Badr Petroleum’s Block Badr-1 witnessed a milestone, achieving 143% of the planned output with daily production averaging 6,440 barrels of oil equivalent. The drilling of four new wells—two exploration and two development—has further boosted output and added an estimated 10 million barrels of proven new reserves.
These developments, officials say, mark significant steps in Egypt’s strategy to become a regional energy powerhouse, leveraging world-class infrastructure and a strong commitment to both investment and environmental responsibility.