AMOC SIGNS AN EXPORT CONTRACT

15-05-2019

AMOC signed an export contract with LITASCO, Middle East DMCC and EMEX to export EGPC’s excess production capacity of Fuel Oil Blend. This agreement commenced in April 2019 and shall continue in effect till March 2020. Under the agreement, two shipments were actually escorted in April promising that the rest is yet to come. This contract strongly echoes AMOC’s urge to fend off domestic market swings and economic downturns in a way that broadens its marketing base.