Sumed pipeline

That's the way they wanted to keep going.

Now, if they're going to get out the Red Sea at all, they're going north through either tankers through Suez or tankers partially unloading or fully unloading at the Sumed pipeline and then basically re-exporting that pipe out the northern coast of Egypt on the Mediterranean.

That has seen, we've basically seen the Sumed pipeline maxed out prior to this development.

It was shipping about a million barrels a day of crude north.

Now it looks like we're getting two and a half, 2.7 out of a nameplate capacity of around 2.8 million barrels a day on the pipeline.

Most of them were pushed north.

So instead of going through the Bab al-Mandeb, they went north through Suez or through the Sumed Pipeline, which runs alongside Suez.

So most of that went up to the Med.

Now, last Thursday, the latest in this saga, last Thursday, we saw reports that basically we saw a lot of satellite images that showed a lot of fires along the East West Pipeline.

What alternatives are they looking at, particularly now that they may have lost control of the Bab al-Mandab?

Well, Saudi, for the last few months, has been exporting oil through the Sumed.

It's a pipeline that runs through Egypt, and it goes from Egypt up to the Mediterranean.

And this was according to the EIA, the Energy Information Administration in the U.S. government.

Yeah.

So we're seeing that right now.

The last I saw is they have reserves of seven days supply of oil to go through the Sumed pipeline waiting in Saudi ports in the Red Sea.

They can't get it out through the Bab al-Mandab now.

Blob, that's good.

And then plan C, according to the New York Times, is the Sumed Pipeline, which is the Trans-Arabian Pipeline.

Oh, but the word trans is in it, so nobody's going to want to go through that.

So trillions of dollars were dropping in bombs and armaments over there.

We haven't really seen that replicated in August.

Um, almost all of the stuff that's coming out as part of the August program has been going straight to Ain Sukhna through the Sumed pipeline to Sidi Kerir and being sold FOB Sidi Kerir.

There have been some ships that have loaded, um, in Yanbu and gone north through the Suez Canal.

So they've part-loaded in Yanbu, and then they've finished their load in Sidi Kerir.

So in order for those supertankers to get through the, the Suez Canal, they would have to unload some of their oil to make them lighter so that they would float higher, put it in a pipeline, and there are pipelines.

There's a, a pipeline in Egypt called the Sumed, and there's one in, in Israel.

I c- I can't remember what it's called.

Um, but anyway, you know, those pipelines go up to the Mediterranean.