Oil Egypt accountACCOUNT King Tut

Saudi Aramco Informed Egypt about Suspending Oil Product Supply

Source: Ahram Online 10/10/2016, Location: Egypt

Share |
Saudi Aramco informed the Egyptian General Petroleum Corporation, Egypt's state oil company, in early October that it would halt the supply of refined oil products to Egypt, a government official told Reuters on Monday.

"Aramco informed the EGPC early this month of its inability to supply Egypt with shipments of petroleum products," the official said, without giving a timeline for the suspension or a reason.

Traders told Reuters last week that Egypt had not received October allocations of petroleum aid from Saudi Arabia, forcing its state oil buyer to rapidly increase tenders even amid a severe dollar shortage and growing arrears to oil producers.

The EGPC plans to allocate more than $500 million to purchase petroleum products and Egypt plans to launch some tenders to buy fuel needed for local consumption.

Egypt >>  4/17/2018 - Eni subsidiary IEOC aims to increase gas production from Egypt’s Zohr field to 1.2 billion cubic feet per day (bcf/d) in May, and lift it to 2 bcf/d b...
Egypt >>  4/17/2018 - Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt’s Mediterranean coast, Executive Vice President Sami Iskander t...

Egypt >>  4/16/2018 - TransGlobe Energy Corporation (TransGlobe) provides an operations update, announces its intention to list its common stock on the London Stock Exchang...
Egypt >>  4/12/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its Ibn Yunus-1X ex...

Egypt >>  3/31/2018 - Three workers were killed in a gas pipeline fire in Suez’s Ain Sokhna in Egypt, Al-Ahram Arabic news website reported. ...
Egypt >>  3/28/2018 - Construction work on Egypt's Dabaa nuclear power plant could begin in the year of 2020, the CEO of Rosatom, the Russian state nuclear corporation, Ale...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Detergents  Diesel Fuel  Enhanced Oil Recovery  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Oil Production & Treating  Polyethylene  Polyvinyl chloride  Propane  Summer Diesel 

Related Articles: Butene  Crude Oil  Diesel Fuel  Ethylene  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Lubricants, Oils & Greases  Oil Production & Treating  Polyethylene  Polyvinyl chloride  Propane 

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us