Gulf Oil and Gas accountACCOUNT

Cathy Company Buys 2 mln Barrels of Masila Crude Oil

Source: Yemen News Agency (Saba) 11/10/2013, Location: Middle East

Share |
The Supreme Committee on Crude Oil Marketing approved selling 2 million barrels of Masila crude oil to Cathy Company. Chaired by Prime Minister and the Committee's head Mohammed Salem Basindwa, the committee sold the whole quantity of Masila crude oil for loading in January 2014 for a premium of $1.88 a barrel to dated Brent to Cathy Company, which has placed the best bid.

During its meeting, the committee endorsed the Masila and Marib crude oil sales of January 2014, with estimated quantity reaches 3.6 million barrels. It also approved selling the total quantity of Marib's crude for the same month amounting to 1.6 million barrels to Aden Refinery Company at the dated Brent price (without any discount or rise).

Oil News in Yemen >>

Egypt >>  12/17/2017 - Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek E...
Saudi Arabia >>  12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the ...

Iraq >>  12/6/2017 - The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, ...
Kuwait >>  11/29/2017 - Oil requirements also increased in Kuwait and the UAE by 3% and 2%, respectively, y-o-y as growth in the transportation fuels appeared to be the main ...

Austria >>  11/21/2017 - Non-OPEC supply in 2018 was revised down by 94 tb/d compared to last month’s analysis to average 58.54 mb/d, and now is expected to grow at a slower p...
Iran >>  11/21/2017 - Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meet...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Yemen Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Yemen >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.