TY - JOUR
T1 - Making a short story long
T2 - The construction of the Suez-Mediterranean oil pipeline in Egypt, 1967-1977
AU - Podeh, Elie
PY - 2004
Y1 - 2004
N2 - The idea to construct a pipeline from Suez to the Mediterranean (SUMED) was initially raised before the 1967 War. With the closure of the Suez Canal following the war, the pipeline could offer a less expensive route for Gulf oil. However, the pipeline was inaugurated only in 1977, following three wars and debilitating negotiations between Egypt and foreign institutions. This article analyzes the motives for the project as well as the reasons for the long delay in its implementation. Anticipated financial profits were a major consideration for both the governments concerned and the oil companies. Yet the project was launched only after the parties involved realized that its construction also entailed significant political advantages and after the security risks were eliminated. In recent years, SUMED and the Suez Canal have become major transportation routes for crude oil, transforming Egypt into an actor in the oil market.
AB - The idea to construct a pipeline from Suez to the Mediterranean (SUMED) was initially raised before the 1967 War. With the closure of the Suez Canal following the war, the pipeline could offer a less expensive route for Gulf oil. However, the pipeline was inaugurated only in 1977, following three wars and debilitating negotiations between Egypt and foreign institutions. This article analyzes the motives for the project as well as the reasons for the long delay in its implementation. Anticipated financial profits were a major consideration for both the governments concerned and the oil companies. Yet the project was launched only after the parties involved realized that its construction also entailed significant political advantages and after the security risks were eliminated. In recent years, SUMED and the Suez Canal have become major transportation routes for crude oil, transforming Egypt into an actor in the oil market.
UR - http://www.scopus.com/inward/record.url?scp=2942558420&partnerID=8YFLogxK
U2 - 10.2307/25096829
DO - 10.2307/25096829
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AN - SCOPUS:2942558420
SN - 0007-6805
VL - 78
SP - 61
EP - 88
JO - Business History Review
JF - Business History Review
IS - 1
ER -