CAIRO (Reuters) – Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday.
Egypt and Saudi Arabia will be studying the economic feasibility of continuing to refine Saudi crude in Egyptian refineries by the start of 2018, El Molla said.
Saudi Arabia agreed in April last year to provide Egypt with 700,000 tonnes of refined oil products a month for five years.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com