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.
A source at the petroleum ministry revealed to Egypt Oil & Gas that the quantities of diesel and fuel oil pumped to power plants will be redirected to build up the strategic reserves.
The Egyptian General Petroleum Corporation (EGPC) has agreed to import six shipments of fuel oil (mazot) from Russia's RosNeft, by the end of 2015, said Petroleum Minister, Tarek El Molla.
Vietnam's top fuel importer, Petrolimex, and Kuwait Petroleum Corp (KPC) have ended their long-standing diesel term contract that dates back to the 1990s since imports from Southeast Asia now attract lower duties,
Russia-based Rosneft has announced that it has signed and agreement with the Egyptian General Petroleum Corporation (EGPC) to supply oil products into Egypt.
Egypt's petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS report on ...
Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe, threatening to pressure Asian prices of the product that have rallied 10 pe ...