An official source at the Egyptian Ministry of Petroleum and Mineral Resources stated that The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule and quantities required according to Egypt’s needs of petroleum products.
The source pointed out that two benzene shipments will arrive Egypt on the 25th and the 26th of March 2017, following the arrival of two shipments of diesel during the past couple of days, to the ports of Suez and Ain Sokhna, according to Al Arab News.
It’s worth noting that the agreement, between EGPC and the Saudi company, provides Egypt with about 700,000 tons of petroleum products, including benzene and diesel for a period of five years, with payment facilities up to 15 years.
The source said, commenting on the statement of the Jordanian Energy Minister, Dr. Ibrahim Seif, that there are discussions to establish a pipeline from Iraq to Egypt through Jordan, pointing out that the current studies are focusing on the feasibility establishing the project.
