Egypt says Saudi oil shipments halted indefinitely

‘Egypt has officially announced that Saudi Arabia has indefinitely halted shipments of oil products that were part of a $23-billion aid deal with the country.
Following a visit by Saudi Arabia’s King Salman bin Abdulaziz Al Saud to Egypt in April, Riyadh agreed to supply Cairo with 700,000 tons of refined oil products per month for the next five years but the shipments stopped early in October.
At the time, Egyptian officials stressed that as the contract with the Saudis is still valid, the shipments will soon restart. But on Monday, Egyptian Oil Minister Tarek El Molla officially announced that the shipments had been halted indefinitely.’
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