role sumed pipeline EGYPT international trade kind special services customers petroleum sector. notice: references internet .
Sumed Pipeline in Egypt
Traditionally, oil would be transported from the Persian Gulf to the Mediterranean region via the Suez Canal, which has also earned a remarkable historic resonance to its name. After a decade of construction, the Suez Canal was first used in 1869 and its aim is that of allowing transportation by water from Asia to Europe, without having to travel around Africa.
The Suez Canal is the traditional choice for transporting goods from one region to the other, and it is open to the access of all vessels, in times of war and peace, regardless of the flags carried by the vessels. Still, a shortage in using the Suez Canal is represented by the delays which can be encountered and the queues that can be created.
As a result of these issues, Egypt has sought out to create an alterative to more efficiently transporting oil and petroleum from Egypt to the Mediterranean region. Specifically, the Sumed pipeline spreads from Ain Sukhna on the Gulf of Suez to Sidi Kerir, in Alexandria and it is often recognized for its ease of usage and the limited occurrence of delays in shipments (Platts, 2011).
The initial cause for the creation of the Sumed pipeline was represented by the closure of the Suez Canal in 1967, which prevented the countries in the region from adequate trade operations. In order to decrease the dependency on the Suez Canal then, the governments in five Arab states created the pipeline company and commenced work in 1973. The Sumed pipeline was first issued into usage in1977 and it continues to play the same role of decreasing dependency on the Suez Canal, and supporting oil trade in the region.
From a technical standpoint, the Sumed pipeline has a...
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