SUMED
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Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project
Wednesday, 18th March 2020
Enppi and Petrojet have successfully executed Ain Sukhna’s SUMED Product Hub to meet the local market needs from petroleum products, imports, storages, and re-exports.
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SUMED Successfully Runs Nine New Warehouses
Tuesday, 16th July 2019
Arab Petroleum Pipelines Company (SUMED) has succeeded testing nine overland warehouses with a total capacity of 300,000 cubic meter, according to an official source in the petroleum sector.
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Saudi Arabia Signs $2 B Deal with SUMED
Monday, 25th February 2019
Saudi Arabia's Aramco and SABIC signed agreements with SUMED worth $2 billion to establish petrochemical projects in the Mediterranean region.
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SUMED, ATC Sign Diesel Storage Agreement
Sunday, 17th February 2019
The project has a total storage capacity of 222,000 cubic meters in Sidi Krir and will be re-exported to European Markets.
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NBK-Egypt Renews Financing Deal Worth $10 B for EGPC
Wednesday, 31st January 2018
The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support EGPC to meet its financial needs.
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Petrojet Completes First Module for Ain Sokhna Platform
Tuesday, 24th October 2017
Petrojet completed the first module for the offshore platform at Ain Sokhna.
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KPC Renews Contracts with SUMED
Tuesday, 17th October 2017
Egypt's Arab Petroleum Pipelines Company (SUMED) renewed its contract for the storage and transportation of crude oil with Kuwait Petroleum Corporation (KPC).
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Cabinet Extends SUMED’s Mandate
Sunday, 20th August 2017
The Egyptian cabinet extended the Arab Petroleum Pipeline Company’s (SUMED’s) mandate for an additional 27 years. -
El Molla Visits Sumed’s LNG Platform
Sunday, 9th July 2017
Egyptian Minister of Petroleum visited the liquefied natural gas (LNG) recipient platform and related facilities owned by Arab Petroleum Pipelines Company (SUMED) to follow up on the experimental work in the platform and facilities located in Ain Sokhna Port. -
SUMED Signs $300m Deal with NBK
Sunday, 21st May 2017
Sumed Company and National Bank of Kuwait (NBK) signed a $300m agreement to finance part of a project to store petroleum products and natural gas in Ain Sukhna port.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021