CBS Evening News for Friday, Nov 05, 1976
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(Studio) Egypt counting on luck to make winner of oil-related investment.
REPORTER: Walter Cronkite
(Cairo, Egypt) Report on Sumed pipeline project from Gulf of Suez to Mediterranean Sea on coast west of Alexandria, Egypt. Originally seen as substitute for Suez Canal after 1967 Arab-Israel war closed canal; inconvenience of closing to tankers from Persian Gulf noted. Details re: pipeline and effect on canal usage noted. Pipeline is largest Egyptian project ever financed by Arab money; 4 oil cntrys. involved in project with Egypt are Saudi Arabia, Kuwait, Qatar and Abu Dhabi. Pipeline opens in December
REPORTER: John Sheahan
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