Average price per tonne dropped 24% quarter-on-quarter (q-o-q) and year-on-year (y-o-y), although volumes improved 36% q-o-q and were down 6% y-o-y.
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Offering aims at raising up to EGP 2.8bn
List includes IFC, EBRD, NBE
AMOC has provided petroleum products worth EGP 8.5bn, the price of the company’s share in EGX increased by 164%
Floating the exchange rate has boosted expected financial results of Alexandria Mineral Oils Company (AMOC). Specialised in turning heavy fuel oil into high-value petroleum products, the company’s output is valued according to the price of the US dollar, while the greenback accounts for 88% of its inputs of raw materials. According to a report by …