Russia And Egypt Finalizing Military Cooperation Agreement; Russia Apparently Aiming To Control Suez Canal-SUMED Pipeline

Mining Awareness +

One need only look at Crimea to see what happens after Russia gets access to military bases.


The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea and the Gulf of Suez with the Mediterranean Sea. In 2016, 3.9 million b/d of crude oil and refined products transited the Suez Canal in both directions, according to data published by the Suez Canal Authority. Northbound flows rose by about 300,000 b/d in 2016, largely because of increased crude oil exports from Iraq and Saudi Arabia to Europe. Southbound shipments decreased for the first time since at least 2009, largely because of lower exports of petroleum products from Russia to Asia.

The 200-mile long SUMED Pipeline transports crude oil through Egypt from the Red Sea to the…

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