Saudi Arabia Will Cover all Oil Aids to Egypt’s Market for 5 Months: EGPC

Saudi Arabia will provide new petroleum aids to Egypt, starting from this current month and until September including Shipments of petroleum products needed by the local market

Eng. Tariq Al Mulla, CEO of the Egyptian General Petroleum Corporation (EGPC) revealed.

Speaking to Amwal Al Ghad Al Mulla added that it was agreed on the petroleum products which needed by Egypt and which it lacked inside the market in order to increase the Consumption rates, explaining that Saudi side prefers not to disclose the value and quantity of the products that will be pumped in the upcoming months.

The three Gulf countries ‘ Saudi Arabia, Kuwait and UAE’ provided petroleum aids to Egypt, which included oil assistances as Saudi sent shipments of one billion dollars, as  a  petroleum and gas products, in addition UAE provided  the supply of oil worth one billion dollars to Egypt along with  Kuwait which supported Egypt by  oil worth one billion dollars.