Saudi Aramco To Restart Shipments To Egypt After 6-Month Hiatus

By Zainab Calcuttawala Saudi Aramco will restart oil and refined product shipments to Egypt after a sudden halt nearly six months ago, according to an announcement by the Egyptian Petroleum Ministry on Wednesday. The ministry said it had been working with the oil giant to determine a shipping schedule for the goods, adding that low oil prices and production cuts had caused the shipment freeze in October. “It was agreed that the Saudi Arabian side would resume Aramco’s shipping of oil products as per the commercial contract signed between the Egyptian General Petroleum…

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