Saudi Aramco begins oil supplies to Egypt

Saudi Aramco restarted supplies of refined oil to Egypt, Tuesday, despite apparently failing to do so one day before and a beginnings of a broader potential rift between the two countries.

According to Hamdi Abdulaziz, a spokesman for Egyptian General Petroleum Corporation (EGPC), shipments have already started arriving.

Egypt and Saudi agreed on a deal worth $23 billion in April that would enable Aramco – the Kingdom’s state-owned oil company – to deliver 700,000 tonnes of petroleum products every month for five years.

However, reports emerged Monday that Egypt has not yet received shipments. On Monday, Aramco said that the delay in shipments is temporary, according to the Saudi news website Al-Mnatiq.