ExxonMobil Eyes Damietta for Logistics Center

Thursday, July 25, 2019

Tariq Shaheen, president of Egypt’s Port Authority Damietta (DPA), told reporters that the US supermajor ExxonMobil plans to make the port of Damietta an important logistics center. The news comes following a meeting between DPA officials and representatives of ExxonMobil.

Shaheen said the port is ready to offer all the facilities available to carry out such a project.

ExxonMobil, which has very little presence in the Egyptian oil and gas upstream, could thus become an important player in the gas value chain, currently being built on site, which will make Egypt the most important regional energy hub.

No further details on the content of the meeting were given, but both sides have planned to have further discussions to define the project.

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