Monday 22 December 2014
oil products

EGPC to buy 65pc of its oil products from UAE

Egypt's state oil company Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product import needs from the UAE’s Adnoc for one year after the government approved the deal on Wednesday. The agre


Aramco to increase trading in oil products

Saudi Aramco Products Trading Co expects its refined oil products trading volumes to rise to 1.5 million barrels per day (bpd) as its downstream business expands, the firm's chief executive said on Monday. Aramco Trading, a subsidiary of


Iraq tenders for 1.3m T gasoline for H2

War-torn Iraq, a major buyer of oil products, is seeking nearly 50 per cent more gasoline in a fuel tender for the second half of the year, trade sources said on Monday. Iraq's State Oil Marketing Organisation (SOMO) has issued a tende

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