Parliament calls on government to review Aramco agreement, find out why October shipment suspended - Daily News Egypt - News Summed Up

Parliament calls on government to review Aramco agreement, find out why October shipment suspended - Daily News Egypt


Parliamentary sources said that the Energy Committee intends to call on the Ministry of Petroleum to review the agreement with Aramco to find out why the petroleum shipment supplied to Egypt was suspended in October. The parliament will specify its requirements from the EGPC according to the details of the Aramco agreement. Member of the Energy Committee, Hamada Ghallab, said that relations between the two countries are strong and they will find out the reasons behind the suspension of petroleum shipments in October and identify the scenarios for the November shipment. The foreign partner obtains a 45-50% share of the production, according to the agreement signed with the Ministry of Petroleum. A source at the ministry told Daily News Egypt that Aramco has not officially informed them about resupplying Egypt with petroleum shipments in November.


Source: Daily News Egypt October 23, 2016 18:56 UTC



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