diesel | Egypt Oil & Gas - Part 15
Egypt Receives $650m Fuel Shipments from Saudi Arabia
As part of the five-year agreement that Egypt has with Saudi Arabia to contribute to supplying the country’s fuel needs, Egypt has received shipments of petroleum products worth approximately $650m in May and June 201...
EGPC Increases Levels of Petroleum Products Available
The Egyptian General Petroleum Corporation (EGPC) has announced that it will increase the levels of petroleum products distributed in the domestic market in the Holy Month of Ramadan. According to an announcement by E...
Dubai Government Tackles Illegal Diesel Trading
Eight Dubai Government entities joined hands to inspect 12 companies in the emirate involved in the illegal trade of diesel, Arabian Industry reported. The inspections occurred over a two-day period in Ras Al Khor Ind...
Saudi to Secure Egypt’s Fuel Needs for Next 3 Months
Egypt and Saudi Arabia have reached a deal to supply Egypt with a monthly 800,000 tons of petroleum products for three months starting from February 2016, an EGPC official told Reuters. “Saudi Arabia is giving u... CBE Secures $400m for Energy Imports
The Central Bank of Egypt (CBE) opened a commercial letter of credit of $400m for the Egyptian General Petroleum Corporation (EGPC). The amount will be directed towards paying for imports of petroleum products and liq...
China Directs Record Crude Imports to Boosting its Fuel Exports
China, the world’s second largest oil consumer, has filed a record high crude imports of nearly 9% in 2015, enlarging its domestic reserves, while projecting to increase exports of refined oil products, as its d...
European Refineries Seek to Maximize Gasoline Output
European oil refiners aim to maximize gasoline output to meet increased global demand for gasoline and naphtha in the Asian and US markets, Reuters reported. The world faces a growing excess of diesel, after major ref...
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December, reported Arabian Business. The price of a litre of octane 95 gasoline will drop 1.15% to $0.46 in November,...
