Saudi Aramco Informed Egypt about Suspending Oil Product Supply

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

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.


Brazil >>  7/19/2024 - Petrobras has successfully completed a series of industrial-scale tests to produce a stream of Light Refinery Hydrocarbons (LHR) rich in ethylene with...
Brazil >>  7/3/2024 - Petrobras, in continuation of the Material Fact disclosed on May 22, 2024, informs that it has signed with the Administrative Council for Economic Def...

China >>  6/28/2024 - 2024 the 23rd Shanghai International Lubricants and Technology Exhibition (Inter Lubric Shanghai) opened on June 5th and closed successfully on June ...
China >>  6/27/2024 - Sino-Korea Petrochemical's newly built 2.8 million tons/year catalytic cracking unit was successfully started up, marking a new step for Sino-Korea Pe...

China >>  6/27/2024 - - This partnership would allow Zhink Group to meet its leadership ambitions through increased recycled PET capacities and sustainable competitiveness ...
China >>  6/26/2024 - Sinopec released its 2023 Social Responsibility Report. This is the 17th year that Sinopec has released a social responsibility report, disclosing the...

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

Related Articles: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.