petroleum derivatives | Egypt Oil & Gas
El Molla Discussed Updates on E-System of Distributing Petroleum Derivatives
El Molla discussed the updates of the electronic system of distributing petroleum products.
Egypt to Import Fuel from UAE
Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane. EGPC to Launch Fuel Tender
Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.
Oil Firms Refused Extended Payment Terms
International Oil Companies (IOCs) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two.
IDB to Cover Fuel Imports
Egypt is in talks with the Islamic Development Bank (IDB) to secure funds for the Egyptian General Petroleum Corporation (EGPC) to import petroleum derivatives,
Egypt will Not Import Oil from Iran
Egypt is not in negotiations with Iran on crude oil imports, while the agreement with Saudi Aramco is still valid.
Mostorod Refinery to Finalize in 2017
The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017.
Egypt Received Oil Cargos
Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide October's 700,000t shipment.
