Egypt is set to receive a diesel shipment as part of its petroleum products agreement with Saudi Arabia’s Aramco this weekend. He added that four shipments of fuel, including two gasoline and two diesel shipments, have been received, noting that the other gasoline and fuel shipments will be coming as per schedule throughout the month. The deal included supplying 400,000 tonnes of diesel, 200,000 tonnes of benzene, and 100,000 tonnes of mazut monthly. The Egyptian market needs 1.2 million tonnes of diesel fuel per month, as well as 340,000 tonnes of butane, 530,000 tonnes of gasoline, and 2 million tonnes of fuel oil, according to EGPC. The contract provides for Aramco to supply 700,000 tonnes of petroleum products to Egypt every month for five years, amounting to $23bn.

Source: Daily News Egypt April 02, 2017 15:00 UTC