Suez Revenue Steady
Revenues for Egypt’s Suez Canal have remained remarkably steady in recent years despite political turmoil. Takings were $5.11bn for 2013, down a touch on 2012. Numbers remain below 2008’s record $5.38bn.
The canal, linking the Red Sea with the Mediterranean, is a key source of revenue for the ailing Egyptian economy. For 2013, Suez takings equate to 2% of GDP and 8.2% of total government revenue. Shipments of both crude (1.5mn b/d) and overall...