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Egypt SuMed Pipeline Yet to Accept Iran Oil After Sanctions

  • SuMed hasn't taken Iran oil since sanctions ended in January
  • Pipe transports oil across Egypt from Red Sea to Mediterranean
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Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region, more than a month after international sanctions against Iran were lifted.

Arab Petroleum Pipelines Co., which operates the link known as SuMed, is still reviewing terms of the agreement that removed sanctions on Iran in January, according to a company official. The operator is seeking to ensure Iran complies with sanctions regulations before resuming oil shipments halted since August 2012, said the official, who asked not to be identified, citing company policy.