Egypt receives 500,000 barrels of crude oil from Saudi each month

Saudi Arabia has agreed to supply Egypt with crude oil for six months from the start of this year, Cairo’s Minister of Petroleum Tariq Al-Mulla revealed today.

The Kingdom’s largest petrol company, Saudi Aramco, is to supply the fuel to Egyptian refineries.

A pilot of the scheme was tested out in November and December last year, the official said.

“The company will supply 500,000 barrels of crude oil per month from January to June,” he said, without giving details.

Saudi Arabia agreed in April 2016 to supply Egypt with 700,000 tonnes of refined petroleum products per month for a period of five years.

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