Egypt still in dark over when Saudi petroleum supplies to resume

Egypt news

Egypt’s Oil Minister has said there is no confirmation as to when Saudi petroleum supplies will resume to the country.

It comes after they were suspended earlier this month.

Tarek El Molla said the contract between the countries is for a five year period.

He said: “Whether it’s interrupted for a week or a month or two or three the contract is still in effect and still on.”

Molla said there was no confirmation currently about whether or not the aid would return next month.

Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined oil products per month for five years under a $23billion deal between Saudi Aramco and the Egyptian General Petroleum Corporation (EGPC).

The deal was signed earlier this year, but Egypt stopped receiving its allocations a couple of weeks ago.

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