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Egypt’s SUMED pipeline operator has approached oil traders to ask if they wanted to book their system to transport crude oil as a blockage of the Suez Canal by a container ship drags, three trading sources told Reuters on Thursday.
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The pipeline links the Red and Mediterranean Seas.
Read more:
Low tide slows work to clear Suez Canal ship blockage; traffic jam builds
Suez Canal ‘temporarily suspending navigation’ until cargo is reloaded: Officials
Japanese owner of cargo ship stuck in Egypt’s Suez Canal issues apology
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