EGYPT

Japanese Firms Buy 16,000 b/d of Suez Blend Crude 

Four Japanese trading companies have signed contracts with the Egyptian General Petroleum Corporation (EGPC) for the purchase of 16,000 b/d of 33° API Suez blend crude in 1985. These companies are C. Itoh (5,000 b/d), Marubeni (4,000 b/d), Kanematsu-Gosho (4,000 b/d) and Mitsui (3,000 b/d). The crude, which is apparently intended for resale in Europe and the US, reportedly reflects the Japanese companies' desire to...