Don’t miss the latest developments in business and finance.

Exclusive: Saudi Aramco has supplied 1 million barrels of crude to Egyptian refineries in November, December - minister

Image
Reuters CAIRO
Last Updated : Dec 17 2017 | 12:20 PM IST

CAIRO (Reuters) - Saudi Aramco, the world's largest oil producer, has supplied 1 million barrels of crude oil 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.

(Reporting by Abdelrahman Adel; Writing by Nadine Awadalla; Editing by Stephen Coates)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 17 2017 | 12:08 PM IST

Next Story