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Tag: Sedi Kerir

Saudi Aramco considers using Egypt to refine its crude oil for sale to Europe

Posted: September 12, 2017 at 8:04 pm   /   Oil & Gas

Good news for Egypt’s energy hub ambitions: Saudi Aramco is considering using excess capacity at Egyptian refineries to refine Saudi crude and use Egypt as a marketing hub for refined Saudi oil products, according to Ahram Gate. The suggested plan is to ship the crude through the SUMED pipeline and use Sidi Kreir as a […]

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Cabinet approves mandate extension of SUMED operations for 27 years

Posted: August 20, 2017 at 8:58 pm   /   Oil & Gas

The Egyptian Cabinet approved Thursday a draft law to extend the operations of the Arab Petroleum Pipelines Company (SUMED) for 27 years. The draft law is planned to be effective when the operations period of the company ends, the Cabinet said in a statement. Established in 1974, SUMED was founded with a $400 million in […]

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Kuwait holds talks with Petroleum Ministry to refine oil in Egypt

Posted: June 19, 2016 at 9:12 pm   /   Oil & Gas

A delegation from Kuwait Petroleum Corporation (KPC) had talks with the Egyptian petroleum minister over the possibility of refining the Kuwaiti oil in Egyptian refineries, according to a statement issued on Friday. The studies included the increase of shipping and storage facilities in SUMED’s location in Ain Sukhna and Sidi Kerir, as well as raising […]

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