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Tag: Azerbaijan

AMOC agrees with Azerbaijani SOCAR to export 3000 tons of Mazot

Posted: July 2, 2017 at 2:36 pm   /   Oil & Gas

The Board of Directors of Alexandria Mineral Oils Company (AMOC) has agreed with Azerbaijani SOCAR to export 3000 tons of lubricants during June. The company said in a statement to the Stock Exchange of Egypt, on Thursday, that the contract price average price of diesel (3.5% sulfur) for three days around the bill of lading […]

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ICIS: Egypt juggles fuel supply loss with currency flotation, subsidy cuts

Posted: November 20, 2016 at 1:06 pm   /   Oil & Gas

Egypt will look for lucrative long-term deals to import refined products or turn to spot tenders with international traders to meet the vacuum left by Saudi Arabian Oil Company (Saudi Aramco)’s reported decision to indefinitely suspend its supply arrangement with the country, according to analysts. Egyptian General Petroleum Corporation (EGPC) is currently seeking seven cargoes […]

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SOCAR to broaden activities in Egypt

Posted: November 15, 2016 at 12:44 pm   /   Oil & Gas

Azerbaijan’s state oil company SOCAR may soon expand its participation in the modernization of Egyptian energy industry. Azerbaijani Ambassador to Egypt Tural Rzayev said that Egyptian side is interested in broader participation of SOCAR in the oil industry of the country. “For now, energy is deemed to be the main dimension of cooperation between the […]

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Saudi Aramco halts Egypt’s oil supplies until further notice

Posted: November 8, 2016 at 1:11 pm   /   Oil & Gas

• Egypt resorting to tenders to meet domestic demand after halt. • Aramco oil-products supply deal to Egypt valued at $23 billion. Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher […]

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Minister of Petroleum attends signing of MOU for cooperation between EGPC and SOCAR

Posted: November 6, 2016 at 7:33 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) signed an MoU with the State Oil Company of Azerbaijan Republic (SOCAR) according to which SOCAR will supply Egypt with up to 2 million barrels of crude oil for refining, in addition to cooperation in LNG, infrastructure, petrochemicals industry and swapping agreements of crude oil and petroleum products, Ahram […]

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Prime Minister, Minister of Petroleum meet with Azerbaijani FM, SOCAR Chairman

Posted: November 3, 2016 at 1:04 pm   /   Oil & Gas

Egyptian Prime Minister Sherif Ismail met with Azerbaijani Foreign Minister Elmar Mammadyarov in the presence of the Minister of Petroleum and Mineral Resources Tarek El Molla and Rovnag Abdullayev, Chairman of State Oil Company of the Azerbaijan Republic (SOCAR). At the meeting, the sides exchanged their views on the ways of further advancing the bilateral […]

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Egypt seals deal with Azerbaijan on refining crude in local plants

Posted: March 5, 2016 at 1:17 pm   /   Oil & Gas

The Egyptian government has reached an agreement with Azerbaijan on refining 500,000 barrels of crude oil a month in the Egyptian refineries, and exchanging Egypt’s naphtha with petrol 95. In statements to Al Mal newspaper, the head of Egyptian General Petroleum Corporation (EGPC) Mohamed Al Masry said that the agreement aims at using spare refining […]

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Azerbaijan’s SOCAR interested in Egyptian oil refineries stake

Posted: November 12, 2015 at 1:09 pm   /   Oil & Gas

Azerbaijan’s state energy firm SOCAR is interested in buying stakes in refineries in Egypt and in participation in the African country’s oil refining sector, SOCAR’s president said. “We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt’s oil refining,” Rovnag Abdullayev told reporters. SOCAR PresiEdent […]

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