Suez Canal Expansion to Increase Two-Way Section by 10km

United States Navy aircraft carrier USS Dwight D. Eisenhower (CVN 69) approaches the Friendship Bridge during a Suez Canal transit in this picture taken April 2, 2021 and released by US Navy on April 3, 2021. (Reuters)
United States Navy aircraft carrier USS Dwight D. Eisenhower (CVN 69) approaches the Friendship Bridge during a Suez Canal transit in this picture taken April 2, 2021 and released by US Navy on April 3, 2021. (Reuters)
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Suez Canal Expansion to Increase Two-Way Section by 10km

United States Navy aircraft carrier USS Dwight D. Eisenhower (CVN 69) approaches the Friendship Bridge during a Suez Canal transit in this picture taken April 2, 2021 and released by US Navy on April 3, 2021. (Reuters)
United States Navy aircraft carrier USS Dwight D. Eisenhower (CVN 69) approaches the Friendship Bridge during a Suez Canal transit in this picture taken April 2, 2021 and released by US Navy on April 3, 2021. (Reuters)

Works are under way to expand the two-way section of the Suez canal to 82 km (51 miles) from 72 km, the chairman of the authority managing the Egyptian waterway said on Tuesday.

Suez Canal Authority Chairman Osama Rabie told a news conference that it would be too expensive to expand the entire waterway that links the Red Sea and the Mediterranean, Reuters reported.

Global shipping traffic was badly disrupted last year when when one of the world's largest container ships got stuck in the southern section of the 190 km canal for about a week.



QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy Signs 20-year Naphtha Supply Deal with Shell
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QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.

The project is part of the world's largest natural gas field, which Qatar shares with Iran, where it is known as South Pars, Reuters reported.

"We are delighted to sign QatarEnergy's first 20-year naphtha sales agreement, the largest and longest to date," said Saad al-Kaabi, the head of QatarEnergy and also state minister for energy.

QatarEnergy and Shell maintain a long-standing strategic partnership through multiple joint investments in Qatar and globally, including QatarEnergy's LNG projects, the Pearl GTL plant and other shared ventures.