Bunkering in Egyptian Ports: First Step on Road of Milestones

The Maritime Transportation Sector at the Ministry of Transport announced in May and June that physical bunker supply licenses had been issued for Geneva-headquartered Minerva Bunkering and Dublin-based Peninsula, respectively, to provide bunkering services at Egyptian seaports. The companies were selected through a global auction held jointly with the Ministry of Petroleum and Mineral Resources, Suez Canal Authority, and the General Authority for the Suez Canal Economic Zone (SCzone).

The licenses do not just include seaports but also vessels navigating the Suez Canal within both the northbound and southbound convoys. The press statement underscored that the issuance of the licenses "are in fulfillment of the directives of the President of the Republic to turn Egypt into a regional hub for energy trade, bunkering, and maritime services."