SUMED History
SUMED can rely on 51 years of experience in petroleum storage and transfer. The timeline below is a historical overview.
1974
January 1974

SUMED was established by Law No 7, 1974.

April 1974

Phase one of operations started with a capacity of 40 million tons per annum.

1976
December 1976

The first tanker, Esso Rotterdam, was unloaded at Ain Sukhna.

1977
January 1977

The first tanker, Esthel was loaded at Sidi Kerir.

1978
October 1978

Phase two of operations started with a capacity of 80 million tons per annum.

1992
January 1992

The designated period of the company's operations was extended for 27 additional years under Law No. 10, 1992.

1995
August 1995

Phase three of operations started with a capacity of 117 million tons per annum.

1996
November 1996

Storage capacity at Sidi Kerir was increased. Total storage capacity reached 3.2 million m3 at Sidi Kerir & Ain Sukhna

1997
August 1997

Storage capacity at Sidi Kerir was increased. Total storage capacity reached 3.7 million m3 at Sidi Kerir & Ain Sukhna.

September 1997

Part of the shipment of the tanker Lucina was unloaded at Ain Sukhna under the lightering scheme within cooperation between SUMED and the Suez Canal Authority.

1998
December 1998

Transporting 121.4 million tons which represented 104% of SUMED pipelines' design capacity.

2001
December 2001

The company marked its Silver Jubilee on the 25th anniversary of the unloading of the first tanker at Ain Sukhna.

2004
January 2004

Mediterranean crudes was received for the first time at Sidi Kerir which was transformed into a discharging and reloading terminal.

2005
December 2005

Storage capacity at Sidi Kerir was increased. Total capacity reached 4.1 million m3 at Sidi Kerir & Ain Sukhna.

2007
December 2007

In recognition of its outstanding performance throughout 2007, SUMED was granted the award of excellence.

2008

The company achieved distinguished revenues and the highest net profit after tax since its startup.

2009

The company was awarded the Occupational Health, Safety and Enviroment Protection Technical Compliance Certificate for all the sites of the company in (Ain Sukhna, Sidi Kerir, Dahshour, Kafr Al Elw) in excellent grade.

2010
October 2010

SUMED introduced the service of discharging and reloading crude oil at Ain Sukhna.

2011

The highest revenue per ton transported and the highest total revenues throughout the company's history.

2012

Breakthrough in custody transfer measurement for tankers offloading at Ain Sukhn, by the establishment and operation of  metering skid using ultrasonic technology.

2013

The first gasoil tanker, Hermione, discharged its cargo at Ain Sukhna on behalf of Egyptian General Petroleum Corporation (EGPC).

2014
  • Start of commercial utilization of the new six tanks at Ain Sukhna with a total capacity of 7.2 million barrels.
  • The first cargo of the Western Desert crude oil was received at Sidi Kerir.
  • The first Fuel Oil vessel, on behalf of EGPC, discharged its cargo at Ain Sukhna to feed Sukhna power station.
2015
  • As a part of the ASPH project in Ain Sukhna, SUMED signed a contract with EGAS for receiving and handling LNG from EGAS's FSRU.
  • As a part of the ASPH, SUMED signed another contract project with EGPC for receiving, handling and storing Fuel oil / Gasoil.
2016
  • SUMED acheived a remarkable progress in the construction of ASPH. This project is considered a major turning point for SUMED transfering it from being a center for handling crude oil to be a leading world class crude oil and petroleum products hub to contribute to supplying the regional and international markets.
  • SUMED witnessed the highest storage revenue throughout its history.
  • Kuwaiti crude throughput reached the highest level since 1989.
2017
  • Achieving the highest revenues from petroleum products' handling and storage services, reaching 24.5 million dollars, an increase of 145% over 2016.
  • The amendment of Article (3) of the company's law by including new activities to the company's core business in accordance with future plans and projects related to the handling and storage of petroleum products and bunkering.
2018
  • Law No. 13, 2018 to extend SUMED's term until 2055 was published in the official gazette.
  • The project for receiving and handling LPG was launched as part of the ASPH project.
  • The project for receiving and storing diesel at Sidi Kerir was launched for marketing Gasoil to the European markets.
2019
  • Completing the construction and operations start-up for the services of handling and storing Fuel Oil as part of the Ain Sukhna Products Hub.
  • For the third consecutive year, the Ain Sukhna Products Hub has achieved the highest revenues since its start-up.
2020
  • SUMED attained the highest commercial storage revenues since that service's start-up.
  • For the fourth consecutive year, handling and storing petroleum products has achieved its highest revenues since that service's start-up reaching $75.77 Mn.
2021

SUMED attained the highest commercial storage revenues since start-up of that service reaching $153 Mn.

2022
  • SUMED reached Highest Total Revenue since 2012, attained the highest net profit after tax since 2012.
  • Achieving highest Return on Paid in Capital since 2012.
  • As a part of the petroleum products projects progress, SUMED has commenced the Ain Sukhna/Tebin pipeline to feed Fuel oil to the domestic market.
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