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Ahmed M El-Wahsh

LNG: The way forward

By Ahmed M El-Wahsh Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector, which is characteristically governed by large oil corporations. The following three leading companies; Trafigura, Noble Group and Vitol will …

Daily News Egypt

Major traders win 9 pct of Libyan oil exports

LONDON: Libya has agreed to supply oil to four major European trading houses in 2012, a senior National Oil Corporation (NOC) source said, amounting to at least 9 percent of its crude exports, in a break from a policy of restricting sales to refiners. Glencore and Swiss-based trading giants Vitol, Gunvor and Trafigura together will …


Markets can swallow Syrian oil loss, Iran a worry

LONDON: Oil markets will quietly swallow the loss of modest Syrian supplies if Europe joins Washington in slapping new sanctions on the country, but prices would spike if Syria’s ally and major oil producer Iran becomes directly involved in a confrontation with the West. Analysts and traders said it would take several weeks before Syrian …


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