Question
Q18.Consider the following statements:
Statement-I:
Sumed pipeline is a strategic route for Persian Gulf oil and natural gas shipments to Europe.
Statement-II:
Sumed pipeline connects the Red Sea with the Mediterranean Sea.
Which one of the following is correct in respect of the above statements?
- Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- Statement-I is correct, but Statement-II is incorrect
- Statement-I is incorrect, but Statement-II is correct
Answer: 1
Detailed Explanation
- The Sumed Pipeline (also known as the Suez-Mediterranean Pipeline) is an oil pipeline in Egypt, running from the Ain Sokhna terminal in the Gulf of Suez, the northernmost terminus of the Red Sea, to offshore Sidi Kerir port, Alexandria in the mediterranean sea.
- It provides an alternative to the Suez Canal for transporting oil from the Persian Gulf region to the Mediterranean.
- Route: Connects the Ain Sukhna terminal on the Red Sea to the Sidi Kerir port near Alexandria on the Mediterranean Sea.
- Length: Approximately 320 kilometers (200 miles).
- Established: Initiated in 1973 and became operational in 1977, following the closure of the Suez Canal after the Six-Day War in 1967.
Ownership Structure:
- Egyptian General Petroleum Corporation (EGPC) – 50%
- Saudi Aramco – 15%
- International Petroleum Investment Company (IPIC), UAE – 15%
- Three Kuwaiti companies – 5% each
- QatarEnergy – 5%
- Alternative to Suez Canal: Serves as a vital route for oil tankers that are too large to navigate the Suez Canal when fully loaded.
- Global Oil Supply: Facilitates the movement of Middle Eastern oil to European and North American markets, enhancing the flexibility and security of global oil transportation.
- Economic Significance: Provides Egypt with substantial revenue through transit fees and associated services.
Question
Question Here
Detailed Explanation
Explanation Here
