The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros.
AMOC’s representatives are also scheduled to head to Jeddah to review upgrading its labs in coordination with Saudi’s Petromin.
AMOC is waiting for the approval of the Egyptian General Petroleum Corporation (EGPC) to buy condensates from the UAE’s Dana Gas, the chairman said.
A wrap-up for the most prominent news circulated during the day.
Egypt's Ministry of Petroleum has put a plan to get rid of Mazut by 2021 by refining and transferring it to other products of high value.
AMOC’s total production of oils reached 118,000 tons, up from 114,000 tons in FY2015/16.