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Egypt seeking to swap Qarun crude oil for Iraqi Basra Light

: Sunday, July 13 - 2014 @ 00:08

A tender has been floated by state-owned Egyptian General Petroleum Corp to swap a 435,000-450,000 barrel cargo of its Qarun crude oil grade for a similar-sized cargo of Iraqi Basra Light for August delivery, Reuters has reported. The tender, which closes on July 14 with offers remaining valid until July 21, specifies that the delivery will take place through storage-tank transfer at its oil hub Sidi Kerir on August 16.

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Sunday, July 13- 2014 @ 0:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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