Markets

Egypt issues first tender in a year to buy crude oil

Published February 19, 2014 Updated February 19, 2014 12:43pm

1 min

By Shoaib Ur Rehman

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LONDON: Egypt's state-owned oil company is seeking around 500,000 barrels of crude oil in its first tender in a year, traders said on Wednesday.

The crude is for the 100,000-barrel-per-day Midor refinery at Alexandria. The tender specified it was seeking Iraqi Basra Light crude oil for March delivery. It closes on Feb 25.

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