Middle East Economic Survey


No 26



Suez Canal Petroleum Traffic Increases In May

Northbound traffic of oil products through the Suez Canal increased by 42.2% in May compared to the same month in 2009, according to new figures from the Suez Canal Authority (SCA). May also saw the end of a three-month decreasing trend in the passage of southbound oil products, with southbound traffic of oil products increasing by 13.7% after registering declines of 19.6% in February, 4.2%...