AMOC to Export 3,000 tons of Mazot

AMOC to Export 3,000 tons of Mazot

Egypt’s Alexandria Mineral Oils Company (AMOC) reached an agreement with the State Oil Company of Azerbaijan Republic (SOCAR) over exporting 3,000 tons of Mazot during June 2017, according to Cement Egypt.

AMOC made a statement to the Egyptian Stock Exchange saying that, according to the contract with SOCAR, the average price of 3.5% sulfur diesel would be less than $1.8 per ton. The price is set for three days around issuing the shipment invoice, reported Energy Egypt.

In May, AMOC ’s Chairperson, Amr Mustafa, stated the company agreed with Dana Gas to buy condensates produced by the Emirati Company. The firm aimed to refine 1,500b/d of Dana Gas’ condensates in its refineries for two months, increasing the amount of condensates to 4,000b/d thereafter.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register