Oil giant Saudi Aramco is considering pumping more Saudi oil to its customers in Europe through Egypt’s …
Tag:
SUMED
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Financial Institutions
Misr Insurance compensates SUMED $2.4 mln for turbine breakdown
by Yomna Yasserby Yomna YasserEgypt’s Misr Insurance Company said Wednesday it had paid Arab Petroleum Pipelines Company – SUMED $2.4 million …
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Egypt’s biggest public lender, National Bank of Egypt (NBE) has signed Wednesday a $100 million loan with …
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Egypt’s Arab Petroleum Pipelines Company (SUMED) is preparing to establish new pier in Ain Sukhna, Suez governorate …
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Industry & Trade
Iran’s oil return to boost SUMED volumes says Egypt’s petroleum minister
by Yomna Yasserby Yomna YasserEgypt anticipates a ramp-up in oil volumes through the SUMED pipeline once Iran re-enters the world market …
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Banks
NBE Opens US$240mn Letters of Credit to Ship 2 million Barrels of Oil from Kuwait
by Salma Aymanby Salma AymanNational Bank of Egypt (NBE) has approved to open letters of credit worth US$240 million in favor …