Suez Canal

Suez Canal Revenues Reach a Record $7B in 2022/21

Suez Canal Authority (SCA) Chairman Osama Rabie announced that navigation data in the Suez Canal’s revenues achieved an unprecedented record during the fiscal year (FY) 2022/21 reaching $7 billion which is the hig ...

“Energean Power” FPSO Successfully Passes Through the Suez Canal

The Floating Production Storage and Offloading (FPSO) "Energean Power" has successfully passed through Suez Canal within the Southern convoy which is the first crossing of its kind in the history of the canal, the ...

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

Cabinet Highlights Key Energy Sector Developments in Sinai, Suez Canal

Egypt’s Cabinet has released a report highlighting citing some key energy sector accomplishments that have taken place in the Sinai Peninsula and the Suez Canal for past 7 years.

Maridive Participates in Salvaging the Ever Given Container Carrier in Suez Canal

Maridive and Oil Services Company takes pride in its contribution to refloat the giant Panamanian container carrier (Ever Given) that was grounded in the Suez Canal, blocking the channel on Tuesday, March 23, 2021 ...

El Molla Highlights Egypt’s Potentials to Become Ship Bunkering Hub

The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting to increase Egypt’s role as an integrated central hub for ship supply services which contribute in maximizing the added value.

Suez Canal Favorite Route for US LNG Tankers

The Suez Canal Authority (SCA) has succeeded in attracting the largest amount of the LNG tankers between the US and Far East at January 2021 compared with the competing routes and channels, according to the ARGUS ...

Petrojet Finalizes Drilling Ahmed Hamdy Tunnel 2

President Abdel Fattah El Sisi has witnessed the ending of the drilling operations of Ahmed Hamdy Tunnel 2 implemented by Petrojet under the Suez Canal.

Petrojet Completes Major Projects in Suez Canal

Petrojet worked on the Suez Canal tunnels in Ismailia and other projects with the Armed Forces Engineering Authority.

More Oil Moved through Suez Canal

The movement of vessels carrying oil and petroleum derivatives through the Suez Canal has increased by 36% from 6.8m tons in December 2015 to reach 9.3m tons in December 2016.

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