Egypt Signs $1.4b Saudi Aramco Deal

Egypt Signs $1.4b Saudi Aramco Deal

Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia’s state-owned Aramco to begin in September, Sherif Ismail told Reuters. The deal stipulates that Egypt pay Aramco within a year, Ismail said. Ahram Online clarified that the deal includes 500,000 tons of diesel fuel, 220,000 tons of heating oil and 150,000 tons of gasoline per month.

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