SUMED | Egypt Oil & Gas - Part 2
SUMED Signs $300m Deal with NBK
A press release to Egypt Oil&Gas stated that Minister of Petroleum and Mineral Resources, Tarek El Molla, attended the signing of a $300m agreement, signed by Sumed Company and the National Bank of Kuwait (NBK), t...
Kuwait Doubles Crude Oil Storage in Egypt
Egyptian Media reported that Kuwaiti sources stated that Kuwait doubled the monthly amounts of crude oil to be stored in Egypt to 4m b/m. The sources explained that the Kuwait Petroleum Corporation renewed its storing...
Egypt will Not Import Oil from Iran
The Egyptian Ministry of Petroleum Spokesperson, Hamdi Abdel Aziz, stated to Egypt Oil&Gas that Egypt is not in negotiations with Iran on crude oil imports. Abdel Aziz confirmed that the agreement with Saudi Aramc...
Egypt, Saudi Arabia Discussed Oil Cooperation
The Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al Falih, to discuss methods of mutual cooperation between the two countries, reported Al Borsa News. The two ministers discus...
BESIX Orascom to Build $350m FSRU Pier in Ain Sukhna
Arab Petroleum Pipelines Company (SUMED) signed a contract with the Egyptian and Belgian consortium of BESIX-ORASCOM for the construction of a $350m pier and accompanying marine facilities in Ain Sukhna, in eastern Eg... EBRD Offered to Fund SUMED Project
European Bank for Reconstruction and Development (EBRD) has offered to fund the Arab Petroleum Pipelines Co. (SUMED) with $100m, based on a ten-year time-frame, to build a pier and petroleum products trading center in...
SUMED Signs $100m Loan Contract with National Bank of Egypt
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of an Egyptian loan contract to fund Phase 1 of the construction of a pier and a center for the trade and storage of oil products in Ain...
Egypt, Kuwait Debate Joint Investment Strategies
Minister of Petroleum and Mineral Resources Tarek El Molla welcomed a delegation from Kuwait Petroleum Corporation (KPC) headed by Nabil Bourisly, the Managing Director of International Marketing, with whom he discuss...
