Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

EGYPT

Suez Crude Transits Rise In August, Southbound Oil Products Traffic Declines

Crude cargoes for both northbound and southbound traffic through the Suez Canal increased in August compared with the same month last year, according to new data released by the Suez Canal Authority (SCA). Northbound crude cargoes increased by 9.2% to 1.64mn tons, though this was far below the 2.29mn tons registered in July, itself a 62.7% increase over July...