In a press release to Egypt Oil&Gas, the Egyptian Ministry of Petroleum spokesperson, Hamdi Abdelaziz, stated that Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide October’s 700,000t shipment. He added that the ministry aims to to meet local demands and maintain strategic reserves of petroleum derivatives.
According to Al Borsa, the received oil shipments pertain to the tenders issued by the Egyptian General Petroleum Corporation (EGPC) to buy 132,000t of gasoline and 560,000t of gasoil for October arrival.