A New Start For Egypt And Saudi Arabia’s Weathered Relationship

23 Mar 2017   Egypt, Saudi Arabia

Saudi oil shipments to Egypt have resumed after several months of political crisis between Cairo and Riyadh. Egyptian oil ministry sources stated on 19 March that the first two oil shipments from Saudi giant Aramco have been delivered. No reactions were given by Saudi Aramco or officials until now. Egypt expects to receive two other deliveries on March 26-27. Analysts have been watching the crisis between Saudi Arabia and Egypt, as both Arab leaders were in a brawl based on differences on regional politics, the position of Syria’s president Assad and the role of Russia in the region. In April 2016, Saudi Arabia agreed to finance Egyptian imports of refined products from Aramco for five years in a $23 billion deal. In October 2016, Aramco suspended oil deliveries to Egypt after Cairo supported a Russian backed UN Security Council resolution on Syria. Saudi Arabia is a staunch supporter of […]

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