Egypt has renewed the agreement with Saudi Aramco to provide the Egyptian refineries with crude oil for six months starting from January 2019, said Tarek El Molla, Minister of Petroleum, according to Reuters.
The Saudi company will provide over 500,000 barrels of crude oil per month to Egypt from January until June 2019, El Molla said, without including any financial details.
Aramco started pumping crude oil into Egyptian refineries for trial in November and December 2017, and then started actual regular pumping in 2018.
Saudi Arabia agreed in 2016 to provide Egypt with 700,000 tons of refined petroleum products each month for five years.