Egypt offers to transport Saudi crude oil to Mediterranean port
Petroleum Minister Karim Badawi said Egypt is prepared use its Suez-Mediterranean Pipeline, known as Sumed, to carry the oil from Saudi Arabia
Chris J. Ratcliffe/Bloomberg via Getty Images
Karim Badawi, Egypt's Petroleum and Mineral Resources Minister
Egypt said it could facilitate the transit of Saudi oil through its territory to ease export bottlenecks, positioning the Suez Canal and its pipeline infrastructure as alternatives to the Strait of Hormuz.
Petroleum Minister Karim Badawi said...