VOL. XXXIX No. 62 2-December-1996EGYPT
BP Buys Egyptian Fuel Oil British Petroleum (BP) has contracted to buy 50,000 tons a month of low-sulfur fuel oil throughout 1997 from the Egyptian General Petroleum Corporation (EGPC). BP will pay Platt's FOB Med mean +$7.76 a ton. The BP contract accounts for 60% of the quantity EGPC wants to sell and no decision has yet been made on the award of the remainder. The Italian state power company Enel and Bakri Trading are reportedly in the running for...
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