Bloomberg News

Egypt’s EGPC Said to Purchase 14 Gasoil Cargoes From Glencore

March 09, 2012

Egyptian General Petroleum Corp., the state-owned oil company, bought 14 gasoil cargoes from Glencore International Plc for delivery from March to June, according to two traders with direct knowledge of the matter.

Glencore (GLEN), the largest publicly traded commodities supplier, will deliver the 30,000 to 33,000 metric-ton cargoes to the Egyptian ports of Alexandria and El Dekheila, according to the people, who declined to be identified because the information hasn’t been made public.

A phone call and e-mail to EGPC’s office in Cairo today, a holiday in Egypt, weren’t answered. An official for Glencore in Baar, Switzerland, declined to comment.

EGPC also bought three gasoil cargoes from Eminent Energy Ltd. and two from PetroChina Co., the traders said. The Egyptian company will import a total of as much as 627,000 tons from the tender, which closed 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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