Saudi Aramco resumes Egypt oil deliveries: Ministry
Egypt has received its
first two oil shipments from Saudi giant Aramco after deliveries were suspended
for several months over political differences, an oil ministry spokesman said
on March 19.
“On Friday and Saturday, we received the first two
deliveries after a resumption of the contract with Aramco,” oil ministry
spokesman Hamdi Abdel Aziz told AFP.
“We will receive another two deliveries on March
26 and 27.”
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 (21.5-billion-euro) deal.
But in October 2016, Aramco decided to suspend
deliveries of 700,000 tons of petroleum products a month during a spat between
the two countries over the conflict in Syria.
At the time, Aramco was cited as saying the
suspension was due to “special commercial conditions amid fluctuations in
international oil prices.”
But the move came after Egypt voted in favor of a
Russian-drafted UN Security Council resolution on Syria that Saudi Arabia
strongly opposed.