Bahrain Petroleum Co (Bapco) has finalised its 2014 jet fuel and gasoil term contracts with several companies, with premiums set at lower levels than this year's, industry sources said on Monday.
Term premiums were set lower a
Litasco, the trading arm of Russia's Lukoil, has won the bulk of a tender by Egypt's state oil company for delivery of gasoil to the Mediterranean port of Alexandria in the second half of the year, traders said on Tuesday.
Bahrain Petroleum Company (Bapco) has re-negotiated premiums for April to December 2013 gasoil term contracts with up to nine companies at rates about 13 per cent below those of the first quarter, industry sources said.
Egypt's state oil firm has issued a tender to purchase around 500,000 tonnes of gasoil for delivery into Mediterranean ports between January and March next year, a tender document showed on Tuesday.
The tender is for 15 cargoe
Saudi Aramco, the world's largest oil exporter Saudi Arabia's state oil firm, is expected to import higher-than-usual volumes of gasoline and gasoil.
The increased import will plug a supply shortage caused by refinery maintena
Qatar International Petroleum Marketing Co, or Tasweeq, will stop term gasoil exports from next year as domestic demand is expected to increase, industry sources based in the Middle East and Singapore said.
Tasweeq exports about 30,000 to
State-owned Abu Dhabi National Oil Co (Adnoc) is likely to skip gasoil exports for the first quarter of next year as the company is still considering plans to offer a higher grade of gas oil, industry sources said on Wednesday.
Pipeline bombings by Islamist groups have cut off Israeli gas supplies from Egypt, forcing the Jewish state to seek up to one million tonnes of gasoil on the international market to secure its energy needs for 2012, said a trader.