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Egypt, Saudi Aramco signs $1.4 bln oil products deal -minister

August 21, 2015
News
(Reuters) – Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia’s state-owned Aramco to begin in September, the oil minister told Reuters on Thursday.
 
The deal stipulates that Egypt pay Aramco within a year, Sherif Ismail said.
 
Financial support from Gulf states such as Saudi Arabia has helped Cairo keep its economy afloat and ease an energy crisis. (Reporting by Ehab Farouk; writing by Ahmed Aboulenein; editing by Jason Neely)
 

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