Egypt is set to receive two shipments of gasoline as part of the oil shipments supplied by Saudi Aramco by the end of March.
Tarek El Molla said that Egypt had received two cargoes of diesel fuel from Saudi Aramco.
The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
Saudi Aramco will be publicly listed both in Saudi Kingdom and abroad in the second half of 2018.
Saudi Arabia will reduce the overall tax rate paid by Aramco to make its 2018 initial public offering more appealing to investors, as it is expected to conduct a public offer of its shares in 2018.
Saudi Aramco did not send January fuel cargos. Thus the 700,000 tons cargo of petroleum derivatives was halted for four consecutive months.
Egypt's Sino Tharwa bid in the tender that was launched by Saudi Arabian American Oil Company (ARAMCO) to rent out three drilling rigs.
Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.
Saudi Arabia’s King Salman launched a number of giant oil projects, worth a total of about $42.64b, under Aramco’s Oil Supply Planning and Scheduling (OSPAS) Center at Dhahran.
The Egyptian General Petroleum Corporation (EGPC) will launch a new tender in December in order to cover the domestic demand for petroleum products and makeup for halted Saudi Aramco shipments.
Iraq and Jordan have affirmed their plans to implement a double oil and gas pipeline to transport Iraqi hydrocarbon to the Jordanian port of Aqaba.
Saudi Arabia’s Aramco has informed Egypt that shipments of oil products expected under a $23b deal would be halted indefinitely.
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
Since May 2016, Egypt has received oil cargos from Saudi Aramco worth $1.2b. Egypt received 700,000t of petrol every month for the last 4 months.
Egypt is not in negotiations with Iran on crude oil imports, while the agreement with Saudi Aramco is still valid.
Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide October's 700,000t shipment.
Saudi oil giant Aramco signed memoranda of understanding (MoU) with 18 Turkish firms in different sectors such as construction, power generation and related services.
The Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al Falih, to discuss methods of mutual cooperation between the two countries.
Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334b by 2025 on upstream oil and gas.
The Saudi Arabian oil giant, Aramco, has awarded Saudi KAD 4 lucrative procurement and construction contracts (EPC) to build pipelines with investment projected at $1.33b.