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.
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
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