Gulf Oil and Gas accountACCOUNT

Saudi Aramco & Egypt’s SUMED Sign Oil Deals

Source: www.gulfoilandgas.com 2/12/2019, Location: Africa

Petroleum Minister Tareq el Molla witnessed the inking of an agreement between Egypt's Arab Petroleum Pipelines Co. (SUMED) and Saudi Aramco’s trading arm, Aramco Trading Company (ATC) to provide 222,000 cubic meters of gas oil storage capacity in Sidi Kerir for re-export to Europe.

The companies also signed a second deal to supply fuel oil storage capacity of 165,000 cubic meters in the Red Sea port of Ain Sokhna, a statement by the Petroleum Ministry said.

That deal may include re-exporting and supplying fuel oil to power plants in Saudi Arabia, meeting the needs of the Egyptian market and providing fuel to ships in the region, according to the statement.

The deals were signed on the sidelines of an energy forum in Cairo.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Natural Gas News in Egypt >>

Algeria >>  6/11/2019 - Sonatrach and Galp have signed agreements for the supply of natural gas to the Portuguese market for a volume of 2.5 Gm3 / year (Billion Cubic Meters ...
Russia >>  6/7/2019 - Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of VNG, today signed at the St. Pete...

Russia >>  6/7/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, too...
United States >>  6/1/2019 - Total has signed an agreement with Toshiba to take over its portfolio of liquefied natural gas (LNG). It includes a 20-year tolling agreement for 2.2 ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

Related Links

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