Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) has reached an agreement with UAE’s Dana Gas to purchase 140,000 barrels of condensates per month, Reuters reported on Sunday.
AMOC’s CEO Amr Mustafa had said last week that the final agreement will be signed within a week.
Mustafa added that the company has signed a deal with the Egyptian General Petroleum Corporation (EGPC) to buy 500,000 barrels of Iraqi crude oil every two months. The CEO did not mention the value of the two agreements.
Last April, the EGPC had inked a deal with Iraq’s State Organization for Marketing of Oil (SOMO) to import 12 million barrels of Iraqi crude oil for one year.
