Egypt says can help transfer Saudi oil

AFP | Cairo

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Egypt’s petroleum minister said yesterday that his country was able to transport Saudi oil to the Mediterranean, as tankers remained blocked in the Strait of Hormuz and Gulf oil infrastructure came under attack.

Egypt imports crude from Aramco via the Saudi port of Yanbu, “which enables us not just to provide for Egypt, but to receive crude from Saudi Arabia, and transfer it through Egypt’s Sumed port and pipeline to the Mediterranean,” minister Karim Badawi said in a cabinet presser.

The Sumed pipeline connects the Red Sea at Ain Sokhna, just south of the Suez Canal, with the Mediterranean west of Alexandria.