Egypt awards concession for new liquid bulk terminal

A $584m concession has been awarded to a consortium by the Egyptian government for a liquid bulk terminal in the country's East Port Said seaport, state news agency MENA has reported. The group include liquid bulk storage firms Oiltanking and Egypt's Amiral Holdings, as well as Sonker Bunkering Co, which is jointly owned by Amiral and government entities. The terminal will be used for the handling and storage of petroleum and liquid bulk products, and bunkering for ships.