IDEAS home Printed from https://ideas.repec.org/a/cup/buhirw/v78y2004i01p61-88_04.html
   My bibliography  Save this article

Making a Short Story Long: The Construction of the Suez–Mediterranean Oil Pipeline in Egypt, 1967–1977

Author

Listed:
  • Podeh, Elie

Abstract

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.

Suggested Citation

  • Podeh, Elie, 2004. "Making a Short Story Long: The Construction of the Suez–Mediterranean Oil Pipeline in Egypt, 1967–1977," Business History Review, Cambridge University Press, vol. 78(1), pages 61-88, April.
  • Handle: RePEc:cup:buhirw:v:78:y:2004:i:01:p:61-88_04
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0007680500040095/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:buhirw:v:78:y:2004:i:01:p:61-88_04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/bhr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.