Saudi Aramco Halts Egypt’s Oil Supplies Until Further Notice

Updated on
  • Egypt resorting to tenders to meet domestic demand after halt
  • Aramco oil-products supply deal to Egypt valued at $23 billion

Saudi Arabia Holds Upper Hand as OPEC Seeks a Deal

Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher cost.

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