Egypt launches tender to import 600,000 tons of petroleum products

Updated 2/15/2024 7:24:00 AM

Arab Finance: Egypt has launched an international tender to import around 600,000 tons of petroleum products that are set for arrival in March, three sources familiar with the matter told Asharq Business.

The shipments will include up to 10 shipments of diesel, equivalent to up to 500,000 tons, and three shipments of fuel, accounting for 93,000 tons.

In December 2023, it was reported that the Egyptian government raised the targeted fuel subsidies for the current fiscal year (FY) 2023/2024 by 9% to EGP 130 billion.

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