Egypt said to get USD20 billion of oil products from Saudi Arabia
Egypt will get about USD20 billion in oil products from Saudi Arabia over five years, a government official said. The deal grants Egypt easy payment terms, said the official, who asked not to be named because the agreement details will be made public at a ceremony attended by both heads of state. The two countries also finalized a 3-month oil deal worth USD1.5 billion that both sides were negotiating earlier this month, the official said. That deal is part of the 5-year agreement. (Bloomberg)
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