EGYPT: SUEZ OIL INSTALLATIONS--TO BE LINKED WITH MEDITERRANEAN IN PIPE-LINE PROJECT.

Record ID: 344739

  • Title: EGYPT: SUEZ OIL INSTALLATIONS--TO BE LINKED WITH MEDITERRANEAN IN PIPE-LINE PROJECT.
  • Date: 25th June 1971
  • Summary: 1. GV TANKER REFUELS IN GULF OF SUEZ 0.03 2. AERIAL V ANOTHER TANKER ARRIVES IN GULF OF SUEZ 0.13 3. GV OIL RIG AT SEA 0.16 4. GV OIL RIG WITH BURNING OIL (2 SHOTS) 0.26 5. GV OIL RIG ON LAND BURNING EXCESS OIL (2 SHOTS) 0.38 6. GV TUGS COMING INTO HARBOUR 0.46 7. GTV OIL INSTALLATIONS AT RAS SHUKEIR (2 SHOTS) 1.01 8. TV OIL STORAGE TANKS UNDER CONSTRUCTION 1.04 9. SV OIL STORAGE TANKS AND INSTALLATIONS (3 SHOTS) 1.14 10. CU ZOOM OUT FROM STOP COCK TO PIPELINE SUPPLY. 1.30 11. LV PIPELINES (2 SHOTS) 1.42 12. AERIAL V TANKER ARRIVES AT GULF OF SUEZ. 1.52 Initials BB/1645 WLW/AW/BB/1705 Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 10th July 1971 13:00
  • Keywords:
  • Location: SUEZ, EGYPT
  • Country: Egypt
  • Reuters ID: LVA7D5ULK137ABBC9NK7CFDC1K3Z
  • Story Text: OIL INSTALLATIONS AT SUEZ ARE SOON TO BE LINKED TO THE MEDITERRANEAN IN A PLANNED GBP100 MILLION (STERLING) PIPELINE PROJECT, IT WAS ANNOUNCED THIS WEEK. THE 207-MILE (331 KILOMETRES) PIPELINE, WHICH WILL CARRY AT LEAST 60 MILLION TONS OF OIL ANNUALLY, WILL ELIMINATE THE NEED FOR OIL TO BE CARRIED IN TANKERS EITHER THROUGH THE SUEZ CANAL--CLOSED SINCE THE JUNE 1967 WAR--OR ON THE LENGTHY ROUTE ROUND THE CAPE OF GOOD HOPE. MEANWHILE, THE PRESENT SUEZ OIL INSTALLATIONS ARE ALREADY BEING EXPANDED TO COPE WITH THE EXTRA DEMAND ONCE THE PIPE-LINE IS BUILT.

    SYNOPSIS: THE OIL INSTALLATIONS AT SUEZ ARE TO BE LINKED WITH THE MEDITERRANEAN BY PIPELINE, IT WAS ANNOUNCED IN CAIRO THIS WEEK. THE 207-MILE (331 KILOMETRE) PIPELINE, TO COST IN THE REGION OF GBP100 MILLION STERLING, WILL BE PAID FOR BY SEVERAL INTERNATIONAL INTERESTS FROM FRANCE, THE ARAB COUNTRIES, BRITAIN WEST GERMANY, ITALY, BELGIUM, HOLLAND AND SPAIN.

    THE PIPELINE WILL LINK SUEZ WITH ALEXANDRIA ON THE MEDITERRANEAN COAST, AND ELIMINATE THE NEED FOR OIL TO BE SHIPPED EITHER THROUGH THE SUEZ CANAL--CLOSED ANYWAY SINCE THE JUNE 1967 WAR--OR ON THE LENGTHY ROUTE ROUND THE CARE OF GOOD HOPE IN SOUTH AFRICA. ORIGINALLY, IT WAS PLANNED TO HAVE A PIPELINE CARRYING 60 MILLION TONS OF OIL ANNUALLY, BUT PLEDGES OF FURTHER MONEY FROM THE FINANCIERS MEANS IT MAY WELL BE INCREASED IN SIZE--OR TWO PIPELINES MAY BE BUILT TOGETHER. WORK HAS ALREADY BEGUN ON EXPANDING THE PRESENT OIL INSTALLATIONS IN SUEZ TO MEET THE DEMAND FOR EXTRA OIL ONCE THE PIPELINE IS READY FOR OPERATIONS--HOPE FULLY IN 1974.

    THE SUEZ OILFIELDS WILL BE OF INCREASED IMPORTANCE ONCE THE PIPELINE IS COMPLETED. AT PRESENT LINES ALREADY EXIST TO TAKE THE OIL TO ANOTHER BASE 18 MILES AWAY--BUT THE NEW LINE WILL REALISE THE DREAM OF OIL IMPORTERS AND PRODUCERS--THE DREAM OF QUICK, EASY AND EFFICIENT OIL TRANSPORT.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register