Bloomberg News

Egypt’s EGPC Said to Seek to Buy 20 Cargoes of Gasoil Until June

February 27, 2012

Egyptian General Petroleum Corp., the nation’s state-owned oil marketing company, is seeking to buy as many as five cargoes of gasoil a month from March to June, said two traders who participate in the market.

EGPC, as the company is known, plans to purchase as much as 660,000 metric tons of gasoil with 0.2 percent sulfur for delivery to the ports of Alexandria and El Dekheila, according to the people, who declined to be identified because the information is confidential. The tender closes today, the traders said.

An EGPC official in Cairo declined to comment when contacted by Bloomberg News.

Details of the tender are as follows:

-----------------------------------------------------------
Product:    Gasoil with maximum 0.2 percent sulfur
Quantity:   As many as 20 cargoes of 30,000-33,000 tons
Loading:    March to June
Ports:      Alexandria and El Dekheila
Bids close: Feb. 27
-----------------------------------------------------------

To contact the reporter on this story: Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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