The Iraqi State Organization for Marketing of Oil (SOMO) has awarded a contract to supply 750,000 of straight-run fuel oil (SRFO) per month to Chevron Corporation and Reliance Industries in addition to an unidentified Iraqi oil trader from April to September.

Misr Petroleum Company signed an agreement with E-Finance company to activate the fuel management and operation system by providing e-payment solutions for the company’s clients.

Co-Operation Petroleum Company (Copetrol) signed a three-year contract with E- Finance Company to issue pre-payed smart cards for supplying fuel to the governmental agencies, which goes in line with the digital transformation projects adopted by the state.

The fuel pumping rate into market will get back to 20 million liters a day, after it has been increased with almost 10% to reach 25 million liters during Eid al-Adha.

The Egyptian Ministry of Electricity and Renewable Resources announced that electricity demand has stabilized due to lower temperatures, uninterrupted production, and a continuous supply of fuel.

In an statement to Egypt Oil&Gas, Ibrahim Zahran, an oil & gas expert, affirmed that the Gulf States supply of fuel maintained stability in Egypt’s domestic markets as it helped cut down 25% of its current import bill.

Nigeria is planning to plant tracking devices on trucks as nearly a third of the country’s fuel supply is being stolen in the midst of crippling shortages in Africa’s largest oil producer.