Egypt to Import Petroleum Products from Kuwait

Egypt to Import Petroleum Products from Kuwait

Negotiations with Kuwait are underway to supply with new quantities of petroleum products Egypt for the winter period during the years 2016 and 2017, reported Egypt Oil & Gas.

The quantity under negotiation is half a million barrels of gasoline and diesel per month to meet the fuel needs of citizens. The price of the shipments will be repaid within 3 years.

The source added that any new quantities contracted for will be added to the strategic reserve to prevent the return of any severe fuel crisis during the coming winters.

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