Sumed

With new gas deals, Egypt closes in on energy hub goal
Egypt

With new gas deals, Egypt closes in on energy hub goal

Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez…
Sumed, NBK sign agreement to boost petroleum products storage
Business

Sumed, NBK sign agreement to boost petroleum products storage

Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance part…
Iranian oil passing Suez Canal dropped due to Western sanctions
Egypt

Iranian oil passing Suez Canal dropped due to Western sanctions

The number of Iranian crude vessels passing through Egypt’s Suez Canal has dropped this year as Western sanctions bite, an…
Egypt pipeline may be alternative to Iran’s Hormuz
Egypt

Egypt pipeline may be alternative to Iran’s Hormuz

Egypt’s Sumed pipeline can provide an alternative means of transport for oil from Gulf states if Iran closes down its…
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