Once petroleum resources have been extracted and undergone initial processing to separate and stabilize them, our midstream operations oversee the transportation of oil and gas to end-users or plants, where they are processed further. At this stage, crude oil and other liquids such as gas condensates, are sent to refineries through pipelines, by ship or truck. Gas may be transported via pipelines, or liquefied and shipped as liquid natural gas (LNG) for regasification close to end-users. Storage is also required for both oil and LNG.
Midstream Portfolio Highlights
Arab Petroleum Pipelines Company (SUMED)Read more about 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.
Gulf Energy Maritime (GEM)Read more about Gulf Energy Maritime (GEM)
Gulf Energy Maritime (GEM) is one of the leading commercial product and chemical tanker companies in the Middle East, providing high standards of safety and quality in its marine transportation and operations in the energy markets across the world.