Suez Canal

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

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

    Tuesday, 30th March 2021

    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

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

    Sunday, 14th February 2021

    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

    Suez Canal Favorite Route for US LNG Tankers

    Wednesday, 3rd February 2021

    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 International company’s report.

  • Petrojet Finalizes Drilling Ahmed Hamdy Tunnel 2

    Petrojet Finalizes Drilling Ahmed Hamdy Tunnel 2

    Thursday, 23rd April 2020

    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 Completes Major Projects in Suez Canal

    Sunday, 9th June 2019

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

  • More Oil Moved through Suez Canal

    More Oil Moved through Suez Canal

    Monday, 30th January 2017
    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.
  • Suez Canal Authorities Set New Fares for VLCCs

    Suez Canal Authorities Set New Fares for VLCCs

    Monday, 20th June 2016
    New toll rates have been set by Egypt’s Suez Canal Authority, as part of a six-month experiment, for the oil tankers that will be using the vital waterway do deliver any very large crude carriers (VLCCs)
  • Riyadh, Cairo to Create Joint Investment Fund of $16b

    Riyadh, Cairo to Create Joint Investment Fund of $16b

    Tuesday, 12th April 2016
    Riyadh and Cairo inked a memorandum of understanding (MoU) for the establishment of a joint investment fund, with a capital of $16b, to be created between Saudi Public Investment Fund and its entities, and the Egyptian government and its entities.
  • Egypt’s Central Bank Records $27m Increase in Foreign Reserves

    Egypt’s Central Bank Records $27m Increase in Foreign Reserves

    Wednesday, 6th April 2016
    The Central Bank of Egypt (CBE) revealed that the foreign exchange reserves increased during March by approximately $27m, registering $16.561b, compared to $16.534b in February.
  • Egypt’s Balance of Payments Deficit Increased to $3.4b

    Egypt’s Balance of Payments Deficit Increased to $3.4b

    Thursday, 31st March 2016
    Egypt’s balance of payments (BOP) deficit jumped 240% in the first half of the 2015/2016 fiscal year to reach $3.4b, up from $1b last year, due to falling tourism receipts, Suez Canal revenues, and transfers, the Central Bank of Egypt (CBE) informed.