According to Egyptian Petroleum, this is the first and largest method of its kind with regard to the construction of storage warehouses in the world, with a warehouse capacity of 175,000 cubic meters, equivalent to more than one million barrels of crude oil, and a warehouse with a diameter of 115 meters and a weight of more than 3000 tons.
A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday.
Egypt voiced its total rejection of any sabotage terrorist acts targeting the territorial waters in Saudi Arabia.
British Royal Marines seized an oil tanker in Gibraltar on Thursday accused of bringing oil to Syria in violation of EU sanctions, a dramatic step that could escalate confrontation between the West and Iran, Al Arabiya reported.
An oil tanker that caught fire after colliding with a freighter off China's east coast is at risk of exploding, Chinese state media reported Monday.