AD Ports, Egypt, TCM to explore oil storage plan

AD Ports Group has signed a Memorandum of Understanding with Egypt’s Ministry of Petroleum and TCM Project Management. The agreement explores a potential joint effort to operate and develop Egypt’s strategic crude oil storage facilities.

These facilities are a key part of Egypt’s national energy network. Their location offers access to both local and international markets.

The signing took place in Abu Dhabi. It included top representatives from all three parties, including Egypt’s Minister of Petroleum, H.E. Eng. Karim Badawi, and the UAE-based TCM CEO, Tamer Al Zeyadi.

”This targeted partnership falls under the second and sixth pillars of our Ministry’s integrated strategy—maximising the added value of Egypt’s petroleum sector assets and enhancing regional cooperation, especially with the United Arab Emirates, with whom we share deep and diverse ties across all energy domains, from upstream extraction and production to downstream transport, distribution, and marketing,” said H.E. Eng. Karim Badawi, Minister of Petroleum & Mineral Resources, Arab Republic of Egypt.

”The potential joint operation and development of Egypt’s extensive crude oil storage network reflects our commitment to bringing the full strength of AD Ports Group’s integrated business model—spanning ports, maritime, logistics, economic zones, and digital solutions—through forging long-term strategic partnerships, supporting the economic and industrial objectives of the Egyptian government,” commented Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.

AD Ports Group sees this as a step toward deepening its presence in Egypt, where it has already pledged around USD 469 million since 2022. Egypt is one of the company’s most important overseas markets.

The partnership aims to boost efficiency in crude oil logistics. By combining AD Ports Group’s digital and operational know-how with Egypt’s established infrastructure, the project could improve energy security and support global oil trade flows.

The crude storage network could also strengthen regional supply chains and provide new economic opportunities.

This move aligns with AD Ports Group’s international expansion strategy. The company now operates across more than 50 markets, including Egypt and Spain.

Its five business clusters, Ports, Maritime & Shipping, Logistics, Economic Cities & Free Zones, and Digital, are designed to work together. That approach allows the group to create jobs, drive technology, and reduce environmental impact while supporting local economies.

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