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.