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8570 Subject |
314 مليون دولار قيمة العائد السنوي لشركة سوميد لانابيب البترول Sumid revenues in 2004 put at $ 314 million |
| Date Published | Monday, May 23, 2005 |
| Source Name | Al Hayat |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
Egypt Minister of Petroleum & Mineral Wealth, Eng. Sameh Fahmy, has recently announced that Sumid revenues in 2004 reached $ 314 million. The company was established in 1974 to operate two 42-inch diameter pipelines extending 320 Km long between Ein Al Sukhna in Suez till Sidi Kreir on the Mediterranean. Egypt owns 50 % of the capital of Sumid, with the other 50 % divided between Saudi Arabia, Kuwait and the UAE, holding 15 % each & Qatar holding 5 %. Sumid Chairman, Mr. Mostafa Gomaa, said above revenues are the highest ever achieved. He further indicated that Sumid handled during 2004 about 112.5 million tons of different type crude oil. |
| Sectors Section |
Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Transport |
