Reliance Industries (RIL) won the bulk (18 cargoes) on offer from Egypt’s Ras Gharib terminal, winning around 1.5 million tonne of the heavy crude. BP managed to get 15 cargoes in 2013, amounting to 1.2 million. Late September, British Petroleum (BP) announced that it would begin work on a natural gas production project in Egypt’s Mediterranean basin.
Even as oil giant (BP) has agreed to sell liquefied natural gas to Japan in a contract based for the first time on US domestic gas prices
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