oil derivatives | Egypt Oil & Gas

Mozambique to Use Low Sulphur Fuel

Mozambique will replace the consumption of diesel with 500 to 50ppm (part per million) of sulphur by 2020.

DME Listed New Middle East Oil Contracts

The Dubai Mercantile Exchange (DME) announced two new fuel oil contracts to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.

Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1

Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas.

Iran: Big Push Planned for Oil Derivative Exports

Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015).

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