March 15, 2017 / 4:28 PM / 4 months ago

Saudi Aramco to resume oil product shipments to Egypt -Egyptian oil ministry

1 Min Read

CAIRO, March 15 (Reuters) - Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt five months after suddenly halting them, the Egyptian Petroleum Ministry said on Wednesday.

The ministry said in a statement it was working out a time table with Aramco for the resumption of the shipments and that commercial reasons related to global oil prices and reduced production were behind the suspension in November.

A $23 billion Saudi aid deal with Egypt had included 700,000 tonnes of refined oil products per month for five years. (Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by Lin Noueihed)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below