#Egypt seeks up to 3 m barrels of crude per month in Q2

Egypt’s state-owned EGPC has issued a tender to buy up to a total of 9 million barrels of crude oil in the second quarter, more than in previous quarterly tenders, trade sources said.
EGPC is seeking 3 million barrels per month between April and June of medium-sour crude oil.
In the last two quarterly tenders, it asked for 2 million barrels per month. For the first quarter, only half the asked for amount was awarded due to the country’s growing currency crisis. Petraco and Arcadia were the winners with Iraqi Basra Light.


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