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Policies for Dealing with Transactions of Petroleum Products and Fertilizers in Egypt
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.
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