UAE’s Emarat seeks more gasoline amid dry petrol stations
United Arab Emirates' fuel retailer Emarat is tendering for an additional 100,000 tonnes of gasoline to cover for its needs from June to September, traders said on Wednesday.
June 8, 2011 3:45 by p.deleon
United Arab Emirates’ fuel retailer Emarat is tendering for an additional 100,000 tonnes of gasoline to cover for its needs from June to September, traders said on Wednesday.
The company already has term contracts in place with BP and Vitol to receive 80,000 tonnes per month.
But a fuel shortage at some UAE petrol stations, belonging to the Dubai-government owned Emirates National Oil Company (ENOC) and its arm Emirates Petroleum Products Company (EPPCO), might have prompted Emarat to seek more fuel, traders said.
(Reporting by Humeyra Pamuk, Editing by Amran Abocar)
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