Gulf Of Suez News
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Maersk Line, the world’s biggest container shipping company, will stop using the Panama Canal to transport goods from Asia to the U.S. East Coast as bigger ships help the company move them profitably through Suez Canal.
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Egyptian Bahraini Gas Derivatives Co. plans to increase production at its complex in the Gulf of Suez to the maximum capacity of 123,000 metric tons of propane and 13,000 metric tons of butane a year, the Egyptian Oil Ministry said, without giving a time frame.
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Gobs of oil floated to the shore of Egyptian Red Sea resorts for a fifth day as the government said it had yet to discover the source of the pollution and may reduce the number of rigs operating in the nearby Gulf of Suez.
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The Egyptian government plans to auction 32 million square meters of land in the Gulf of Suez area for investment projects, Al Mal reported, without saying how it obtained the information.
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Gobs of oil floated to the shore of Egyptian Red Sea resorts for a fifth day as the government said it had yet to discover the source of the pollution and may reduce the number of rigs operating in the nearby Gulf of Suez.
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Egypt plans to hold an auction for the right to use land in the Gulf of Suez to build wind-power plants with the capacity to produce 600 megawatts, the Electricity and Energy Ministry said in an e-mailed statement.
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Ganoub El Wadi Petroleum Holding Co., an Egyptian state-owned energy company, is offering 20 concessions for oil and gas exploration to international investors from Dec. 30.
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Iran, OPEC’s second-biggest oil producer, added three supertankers to its fleet of vessels storing crude, matching a similar program in 2008 that helped freight rates to triple, ship tracking data show.
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Egypt plans to invite bids for the construction of a 1,000-megawatt wind-energy park in the Gulf of Suez at an international tender in September, Aktham Abou El- Ella, a spokesman for the Electricity Ministry, said today.
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The Egyptian Oil Ministry said crude oil that washed ashore at a major Red Sea beach resort area was leaked by a passing tanker or may have seeped from the ground due to a heat wave, but was not from any of its rigs.
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