Mubadala

Arab Petroleum Pipelines Company (SUMED)

Arab Petroleum Pipelines Company (SUMED)

Arab Petroleum Pipelines Company (SUMED), established in 1974, is an Egyptian oil and gas service provider that owns and operates pipelines and associated storage facilities connecting the Red Sea and the Mediterranean. Almost 80% of the oil shipped from the Arabian Gulf to Europe passes through the SUMED pipelines.

The company has its headquarters in Alexandria and is an Egyptian joint stock company of $400 million capital. 50% of the company is held by Egyptian General Petroleum Corporation (EGPC), while Mubadala, Saudi Aramco, and Kuwait Investment Authority all hold a 15% stake. The remaining 5% is owned by Qatar Petroleum.

Arab Petroleum Pipelines Company (SUMED)

SUMED owns and operates 2 parallel pipelines, 42 inches in diameter and 320km in length, linking Ain Sukhna (Gulf of Suez) to Sidi Kerir (on the Mediterranean).In addition, SUMED owns and operates the Ain Sukhna Products Hub (ASPH) for the handling, transfer and storage of various petroleum products at Ain Sukhna terminal

 

With a capacity of 20 million barrels at each terminal, the business provides a large crude oil storage tank.

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.

Crude oil is transported through the two pipelines, starting from the Ain Sukhna terminal to the Sidi Kerir terminal, crossing the River Nile south of Cairo where a pressure relief station preserves the pipelines from any over-pressure. The oil is dispatched by two pumping stations consisting of 10 electrically driven eight-megawatt centrifugal pumps, each capable of pumping oil at a flow rate of up to 9,300 m3/hr per pipeline. The crude continues streaming through the Dahshour intermediate boosting station which consists of six pumps, each driven by a 26-megawatt gas turbine.

The pipeline is automatically and remotely controlled from the dispatching centre located at Ain Sukhna through a state-of-the-art SCADA system connected to all sites via a dedicated digital microwave link, with a hot stand-by from Dahshour station. All parameters of the pipeline are also monitored from SUMED headquarters at Alexandria, where the batching operation schedule is coordinated with pipeline users.

Being only a few days away from refining centres in Europe, using SUMED saves refineries the capital cost of building storage tanks or maintaining high inventories to guarantee smooth operations. SUMED has built two large storage tank farms, one at each terminal, for handling various types of crudes transported, while maintaining proper segregation.

In 2018 alone, the net income of the business was worth US $125 million.

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