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Oil & Gas

Aramco to supply Egypt's refineries with crude oil for 6 months

Posted: March 4, 2018 at 8:38 pm   /   by   /   comments (1)

Aramco

Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for six months, starting January 2018, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Thursday.

Aramco will supply 500,000 barrels per month of crude oil to Egyptian refineries, Molla added.

(Source: Reuters)

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  • September 17, 2018 at 2:36 pm Aby

    Egypt, a great nation has a stamina to set new records or to repeat history in oil production. As we see back in history, the nation had reached an all time high of 930 BBL/D/1K in November of 1996 where as unfortunately there was a record low of 560 BBL/D/1K in January of 2018, too. As in recent times, the nations crude oil production was reached to 661,000 bpd, eventhough the nation needs to accept crude oil for their refineries for six months !

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