SUMED | Egypt Oil & Gas
SUMED Boosts Paid-In Capital to $600 Million, Showcasing Strategic Investment Vision
The Arab Petroleum Pipelines Company (SUMED) successfully increased its paid-in capital by $400 million to reach $600 million through conscious strategic management, meticulous planning, and an investment vision. This...
Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project
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, according to a statement from Enppi. This is the ...
SUMED Successfully Runs Nine New Warehouses
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, Al-Ahram Gate reported. Th...
Saudi Arabia Signs $2 B Deal with SUMED
Saudi Arabia’s Aramco and Saudi Basic Industries Corporation (SABIC) signed agreements with the Arab Petroleum Pipelines Company (SUMED) worth $2 billion to establish petrochemical projects in the Mediterranean ...
SUMED, ATC Sign Diesel Storage Agreement
Arab Petroleum Pipelines Company (SUMED) signed a cooperation agreement with Saudi Aramco Products Trading Company’s (ATC) to secure storage capacities for trading and storing high quality Euro Standard diesel, ...
NBK-Egypt Renews Financing Deal Worth $10 B for EGPC
The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support the Egyptian General Petroleum Corporation (EGPC) to meet its financial needs, Al Mal News reported. ...
Petrojet Completes First Module for Ain Sokhna Platform
Petrojet completed the first module for the offshore platform at Ain Sokhna, Egypt Oil & Gas reports. The platform is part of a project by the Arab Petroleum Pipelines Company (SUMED) to secure Egypt’s supply of l...
KPC Renews Contracts with SUMED
Egypt’s Arab Petroleum Pipelines Company (SUMED) renewed its contract for the storage and transportation of crude oil with Kuwait Petroleum Corporation (KPC), according to Kuwait News Agency (KUNA). KPC aims to ...
