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Tag: Sonker

Egypt signs finance agreement for Sonker’s Ain Sokhna terminal

Posted: May 7, 2017 at 5:50 pm   /   Oil & Gas

The government signed an agreement activating the financing of Sonker’s liquid bulk terminal in Ain Sokhna, Al Masry Al Youm reported. Sonker is investing USD 500 mn to construct and operate a bulk-liquids terminal for the import and storage of gasoil and LPG in the third basin of Ain Sokhna Port. USD 320 mn of […]

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EBRD: $341 million loan to upgrade Egypt’s oil and gas infrastructure

Posted: February 7, 2016 at 2:43 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD): The funds will be used to construct and operate a bulk-liquids terminal. A US$ 341 million facility to Sonker, an Egyptian company providing hydrocarbon storage and bunkering, will support a significant upgrade of the country’s oil and gas infrastructure and will contribute to the energy security of […]

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