Gulf Oil and Gas accountACCOUNT

Suez Canal & Sumed work together for attracting large oil carriers

Source: www.oilegypt.com 8/28/2003, Location: Africa

Suez Canal and The Arab Company for petroleum pipelines (Sumed) are currently studying new procedures to attract large oil carriers that cannot cross the Suez Canal with full Cargo charge. The large carriers are reducing the charge in El Ein El Sokhna port on the Red Sea to be transferred via Sumed pipeline to Sidi Krir port on the Mediterranean. The oil is then loaded back in the Mediterranean after crossing the Suez Canal.

The new procedures include the revision of the crossing fees and the possibility of offering more discounts proportional to the volume of oil being transferred. Also nolon prices are revised for carriers with 63 feet plunger that cannot cross the Suez Canal with full charge.

Cooperation between Suez Canal authority and Sumed started back in 1997. Since 1997 till June 2003, 280 carriers have crossed Suez Canal carrying 51 million tons of crude oil and have generated a total revenue of $33 million

Freight Forwarding News in Egypt >>

Egypt >>  7/7/2020 - TechnipFMC (FTI) has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for ...
Egypt >>  7/1/2020 - Eni (as the Operator of the Block), BP and Total (as Contractor members) have successfully drilled the first exploration well in the North El Hammad l...

Egypt >>  6/24/2020 - Bilfinger Tebodin Middle East in Egypt has signed an Engineering Master Service Agreement with PETROJET with it's main office located in Cairo and 15 ...
Egypt >>  6/18/2020 - Cheiron announces that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initi...

Egypt >>  6/15/2020 - - Committed and planned energy investments in APICORPís 2020-24 investment outlook amount to USD792bn, a USD173mn drop compared to USD965bn in 2019-20...

Related Categories: Freight Forwarding  General  Project Logistics  Shipping & Marine Services  Shipping Lines  Specialized Transport  Warehouse Logistics 

Related Articles: Freight Forwarding  General  Project Logistics  Shipping & Marine Services  Shipping Lines  Specialized Transport 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

Oil & Gas Projects in Egypt >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.