Misr Petroleum has begun trial runs on its USD 30 mn petroleum storage complex in Badr City, Ahram Gate reports. The facility, which can store up to 33 mn liters of oil, is a crucial storage component for fuel destined for the Greater Cairo area, Oil Minister Tarek El Molla said at launch ceremony.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…