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ExxonMobil Looks At Damietta Port For Logistics Centre

ExxonMobil looks at Damietta port for logistics centre

ExxonMobil Looks At Damietta Port For Logistics Centre

Damietta, Egypt (PortSEurope) July 21, 2019 – ExxonMobil, the U.S. multinational oil and gas corporation, is considering Damietta port as a location for logistics centre, as it occupies a strategic location near Egypt’s recent offshore natural gas discoveries in the East Mediterranean, as well as a strong infrastructure.

The ExxonMobil delegation met with Damietta Port Authority (DPA) Chairman Tariq Shaheen, who emphasised the port’s readiness to offer all the available facilities to carry out such a project.

It was announced during the 2019 Egypt Petroleum Show (EGYPS) that ExxonMobil was awarded its first contract for natural gas exploration in Egypt, which also marked the company’s return to upstream operations, after a period of exclusively working in downstream.

In February this year, Exxon Mobil was among the winners in one of Egypt’s largest ever oil and gas exploration tenders.

ExxonMobil was awarded exploration rights to the Nile Delta Block 3 (North East El Amreya Offshore Block), following the Egyptian Natural Gas Holding Company’s (EGAS) international bid round. The block is located in the Mediterranean Sea, approximately 155 kilometres offshore Egypt, and ExxonMobil will operate the Block 3 concession area on a 100% basis.

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