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Egypt’s Parliament tries to figure out the reasons of suspended supplies from Aramco



The shipments were suspended in the beginning of the month.



25.Oct.16 2:59 PM
By Alesya Davydova
Photo Toinnov.com

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Egypt’s Parliament tries to figure out the reasons of suspended supplies from Aramco

The Energy Committee of the Egyptian Parliament is trying to figure out why the oil supplies from Saudi Aramco were suspended earlier this month. According to Oilprice.com citing an unnamed source, the Committee is going to contact Egypt’s Ministry of Petroleum to find the reasons.

The Parliament will ask the Ministry to review the agreement with Saudi Aramco. On Sunday the officials from the Committee are going to meet Petroleum Minister Tarek El Molla and the chairperson of the Egyptian General Petroleum Corporation (EGPC). During the talks they may also get an outlook for subsequent shipments in November.

In April Saudi Aramco and EGPC signed a deal according to which Egypt gets 700,000 tons of refined oil every month from Saudi Arabia as part of financial support for Egypt. In the beginning of October Saudi’s company unexpectedly suspended oil supplies. “Aramco informed the EGPC early this month of its inability to supply Egypt with shipments of petroleum products,” the government official told Reuters.




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