VOL. XLII

No. 28

12-July-1999

EGYPT

Suez Canal Petroleum Traffic Unchanged In 1998; LNG TransitFees Reduced For 1999

The volume of crude oil and petroleum products passingthrough the Suez Canal in 1998 remained unchanged from the 1997 total of 31.7mntons, according to the 1998 yearly report of the Suez Canal Authority (SCA).The volume of southbound petroleum products fell by 63% to 3.6mn tons in 1998,from approximately 9.7mn tons in 1997. This decline was offset by an increasein the volume of...