Egypt

Egypt launches bid to import 600,000 tons of petroleum products in December

Published on : 2023-11-25

The Egyptian General Petroleum Corporation (EGPC) has launched an international bid to import 400,000 tons of diesel and around 200,000 of gasoline, to be delivered in December, four sources familiar with the matter told Asharq Business on November 23rd.

The bid has been launched to receive up to nine shipments of diesel and four shipments of 95-octane gasoline, one source said.

It is worthy to mention that the EGPC is planning to increase the country’s imports of crude oil by 40% as of the coming fiscal year (FY) 2024/2025 to halt importing refined petroleum products.

ADES wins jackup drilling contract in Egypt

Saudi-listed ADES Holding Company said it has received a direct award of contract (DAC) from Suez Oil Company (SUCO) in Egypt for three jackup drilling rigs in the Gulf of Suez, which is expected to commence in the coming weeks.