Egypt's General Authority for Supply Commodities announces purchasing 40,000 tons of imported oil

The General Authority for Supply Commodities of the Ministry of Supply and Internal Trade announced the practice of imported oil No. 1 for the year 2022/2021, amounting to 30 thousand tons of soybean oil and 10 thousand tons of sunflower oil. The authority stated in a statement this evening that this comes within the framework of the strategy of the Ministry of Supply and Internal Trade to enhance its stocks of basic commodities, noting that arrival will take place from June 10 to 30, or from July 1 to 20. She added that the session for opening the envelopes and deciding will be next Thursday, April 28, provided that the supplier presents its prices on the basis of (at sight payment) as well as (on the basis of 180 days with facilities from suppliers). A comparison is made between the two prices in the interest of the Authority. On the other hand, the authority announced limited practice No. 12 of 2022/2021 to supply local crude oil in the pound for the benefit of the Holding ...