Egypt’s EGPC likely to award 630,000 ton naphtha in a tender for H2-2012 to China's Unipec

07-Jun-12

General Petroleum Corp (EGPC) is expected to award China's Unipec more than 50% of 630,000 tons of naphtha it offered in a tender for H2-2012 lifting from Suez, as per Reuters. A very small quantity is likely to go to a Japanese trader. This could not be immediately confirmed. Vitol was earlier awarded all of the 455,000 tons EGPC offered for H1-2012 lifting from the same port. This brings EGPC's total term export volumes for the year to 1.085 mln tons, down from about 1.120 mln tons in 2011.