Middle East business information

Egypt-based Middle East Oil Refineries (MIDOR) has agreed to supply state-owned Bangladesh Petroleum Corporation (BPC) with 60,000 tonnes of diesel for consumption during January-June period of next year, Reuters has reported. The deal aims to diversify sources of fuel as demand is rising sharply, BPC said. MIDOR had approved Bangladesh's proposal to sell diesel at a premium of $3.90 per barrel, which is lower than the rates offered by Gulf refineries.