Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

EGYPT

Suez Canal Authority Lifts Passage Fee Reductions For Oil And Gas Tankers

In a move aimed at increasing Suez Canals revenues by around 4%, Egypts Suez Canal Authority (SCA) has reportedly lifted the reductions in passage fees that had been previously granted to some oil and gas tankers passing through the waterway, the Arab international newspaper Asharq al-Awsat reported a SCA official as saying on 18 May. The official revealed...