Egypt Says Saudi Fuel Shipment Freeze Is Unrelated to UN Spat

14 Oct 2016   Egypt, Saudi Arabia

Tensions over Syria sparked fears IMF loan would be delayed El-Sisi says oil product shipments are commercial matter Egyptian President Abdel-Fattah El-Sisi said Saudi Aramco’s decision to halt oil product shipments to Egypt wasn’t a retaliation for his government’s position on the war in Syria. The shipments are determined by commercial agreements and “we do not know companies’ circumstances,” El-Sisi was quoted as saying by the state-run Ahram Gate news website on Thursday. “We will take the appropriate position,” he said, without giving further details. Egypt’s support for a Russian-drafted UN Security Council resolution on Syria over the weekend earned a rare public rebuke from Saudi Arabia, which has provided Egypt with billions of dollars in aid since the 2013 ouster of Islamist President Mohamed Mursi. The dispute triggered investor fears that Saudi Arabia would withhold or cancel a $2 billion payment Egypt needed to secure a crucial International […]

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