Aramco Stopped Oil Supplies to Egypt

Aramco Stopped Oil Supplies to Egypt

Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products, reported Reuters. No reasons or timeline was given for the suspension of Saudi supplies to the country.

Yet, in relevant news, a spokesman with the Egyptian Petroleum Ministry, Hamdi Abdelaziz, said that Egypt’s recent spike in purchase tenders for petroleum products is part of ongoing efforts to build strategic stocks. His statement came during a local television show , amid questions over a possible suspension of Saudi oil aid.He concluded: “oil shipments not arriving from Saudi Aramco could be for various reasons, this is something that happens with some shipments.”

Egypt Oil&Gas reported earlier that EGPC would receive up to 665,000t of gasoil over 19 cargos, each containing 30,000t to 35,000t. The shipments would be delivered in November, with 10 cargoes arriving at Alexandria and El Dekheila, 6 at Suez, and 3 at Ain Sukhna.

Sarah Samir 3288 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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