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Saudi Arabia has resumed oil supplies to Egypt

The government of Egypt announced that the Saudi Aramco company has resumed the supply of the country’s energy. They were frozen in October of 2016 because of the refusal of Cairo to implement the agreement on the transfer of Riyadh Islands in the Strait of Tiran.

Another reason for cooling of relations between the two recent allies became incident on the sidelines of the session of the UN General Assembly, the meeting of the foreign Ministers of Egypt and Iran – Sameh shoukry, and Mohammad Javad Zarif.

Recall that, in accordance with the terms of the agreement, the company agreed to supply Egypt with 700,000 tons of petroleum products per month. The term of the contract is five years.

Saudi Arabia has never recognized that the reasons are political in nature. The power of the Kingdom emphasized that Aramco is a private company and that it is a temporary measure caused by fluctuations in oil prices and the need for maintenance of production facilities.

As claims are published in the London newspaper «al-Rai al-yum», Riyadh has reviewed its decision under pressure from the US administration. This issue was discussed during the meeting of President Donald trump with crown Prince Mohammed Bin Salman.

Saudi Arabia has resumed oil supplies to Egypt
16.03.2017

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