Although Egypt is
not a member of the OPEC or Organization of the Oil Exporting Countries, it
still holds a very important place in the world map as one of the major
producers of petroleum products. It is the 5th largest gas producers
in the world and 3rd largest in Africa. Naturally enough, those
dealing with these products and desirous of procuring petroleum products online in Egypt or other products from Egypt
needs to know about the country’s policies in dealing with the transactions
involved.
Excellent
Sea Routes
One of the major
reasons of Egypt’s emergence as a leading exporter of petroleum products,
minerals, and fertilizers is that it has got excellent waterways communicating
with various other countries. Suez Canal is one of the most important trade
routes of the world and is extensively used for export of items like minerals,
petroleum products, and fertilizers including phosphate rock fertilizers Egypt. Since the route through Suez Canal
is shortest to most of the countries, the trade is just flourishing.
Important
Gas Resources
Fertilizer
companies have been flourishing in Egypt largely because of the fact that they
have numerous gas resources like the Gulf of Suez, Western Desert, Sinai
Peninsula, and Eastern Deserts among others. At the same time oil production in
Egypt during 2013-14 was in the range of 620,000 barrels per day according to
the United States Energy Information Administration reports. Gas production was
almost 1.2 trillion cubic meters during this period.
Exports
of Egypt
Major export
products of Egypt are oil, petroleum products, and fertilizers including rock phosphate fertilizers Egypt. The
country exports over one hundred thousands of barrels of crude oil per day to
various countries with India, United States, and Italy being the main
importers. Suez Blend the offshore fields, Belayim Blend and Western Desert are
the major sources of petroleum products in Egypt. Commensurate to the modern
trends of procurement of goods online many buyers are now purchasing, many buyers
are now opting for petroleum products
online in Egypt. However in the recent years there was some reduction in
the exports but after the refineries were fully functional the export starts
looking up.
Petroleum
Exporters in Egypt
Buyers looking for
petroleum products, minerals, and fertilizers
in Egypt have to find out a reliable and reputable exporter who will
offer the products at most convenient terms and conditions and reasonable
prices. One can buy fertilizers from the fertilizers
companies in Egypt but there are certain problems associated with it. For one;
the reliability of the provider needs to be verified before procurement of the
products and one has also to ensure that the exporter is authorized under the
law of the land.
Basic necessity for
the companies trying to set up industries in Egypt or import products from the
country need to carry out numerous paper works which only a reliable and
reputable agency that will take care of legal aspects and all paper works
making the procurement of Petroleum
Products Online in Egypt convenient
for the importer.
For More Details Visit Here: Fertilizers
in Egypt