Kuwait to Increase Exports to Egypt

Thursday, November 6, 2014

Egypt will see its crude imports from Kuwait increase by about 35,000 bpd. Kuwait also said it is ready to supply the North African country with refined fuel also if needed. Kuwait is currently supplying about 65,000 bpd of crude to Egypt.

Kuwait was studying Egypt’s need for petroleum products, said Nasser Al Mudhaf, managing director for international marketing at state owned Kuwait Petroleum Corp (KPC). “We are ready to provide it with diesel,” Al Mudhaf told Reuters.

Egypt has been strapped for oil and refined products since the ouster of president Mohamed Morsi. The country has been receiving funds through grants and loans from fellow Arab countries to Egypt.

« GO BACK

You may also like

" alt="Sintana to Expand Asset Base in Namibia with Acquisition">

Sintana to Expand Asset Base in Namibia with Acquisition

" alt="Luanda Gives Afentra Nod for Azule Acquisition">

Luanda Gives Afentra Nod for Azule Acquisition

" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">

TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt

" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">

Sintana Completes Well Testing at Mopane 1-X in Namibia