Egypt holds crude oil tender for first quarter 2013

Egypt holds crude oil tender for first quarter 2013

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Wed, 05/12/2012 - 18:38

The Egyptian General Petroleum Corporation launched a tender for the purchase of 6 million barrels of oil, or 2 million barrels per month from January to March 2013, sources said.

The authority requests medium sulfur ore products, such as Omani Crude, Dubai Crude, Basra Light Crude, and the Saudi Arabian light and heavy crude.

The tender closes on 13 December and offers remain in effect until 21 December.

The last tender of 2012 was won by Shell, JP Morgan, Petraco, Basra Light and Omani Crude.

Edited translation from Al-Masry Al-Youm