Africa

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.

Read the latest opinion pieces from our Energy Voice columnists

Post a comment

You must be to post a comment.

Features & Analysis

Upcoming Events

  1. Energy Mexico Oil Gas Power Expo & Congress 2017

    January 31 @ 8:00 am - February 2 @ 8:00 pm
  2. Subsea Expo 2017

    February 1 - February 3
  3. Alternative & Renewable Energy Quest in Architecture & Urbanism.

    February 1 - February 3
  4. Subsea UK Awards Dinner

    February 2 @ 6:30 pm - February 3 @ 12:00 am
  5. Australasian Oil & Gas 2017 (AOG)

    February 22 - February 24

Cancel