Post by Kiarani on Mar 16, 2017 18:28:44 GMT 4
Egypt says Saudi oil giant Aramco to resume deliveries
www.news24.com/Africa/News/egypt-says-saudi-oil-giant-aramco-to-resume-deliveries-20170316
Cairo - Saudi giant Aramco is to resume deliveries of oil products to Egypt that have been suspended since last October, the Egyptian petroleum ministry said, amid differences over the Syrian conflict.
"It was agreed that the Saudi side will resume shipping Aramco's petroleum products in accordance with the commercial contract between the (Egyptian General) Petroleum Corporation and Aramco," the ministry said late on Wednesday.
"Currently the timeline for receiving the shipments is being discussed," it added.
During a visit to Cairo by King Salman in April last year, Saudi Arabia agreed to finance Egyptian imports of refined products from Aramco for five years in a $23 billion deal.
But in October, Aramco halted the agreed deliveries of 700 000 tons of petroleum products a month without offering any explanation.