SUEZ-MEDITERRANEAN (SUMED) PIPELINE

Kidder, Peabody & Co. Middle East headed by Roger Edward Tamraz conceived and negotiated in 1973 the well-known 200-mile long SUMED Pipeline, a pipeline designed to run parallel to the Suez Canal. Considered as “one of the world’s greatest engineering feats” (Center for Strategic and International Studies). SUMED pipeline captures 80% of oil movement share from the Arabian/Persian Gulf to Europe.

SUMED provides the most reliable, secure and economic route for Arab Gulf crude oil movements to the consuming refining centres in the West. Over the years, it has gained market share to the point today where almost 80% of the oil shipped from the Arabian Gulf to Europe passes through the pipelines, with major oil companies using SUMED as their sole route to Europe.