#Saudi_Arabia to gift $3 billion worth of #fuel to #Egypt government
▻http://english.al-akhbar.com/content/saudi-arabia-gift-3-billion-worth-fuel-egypt-government
Saudi fuel donations to Egypt from last month through August will be worth more than $3 billion, a top Egyptian energy official said, as part of a financial lifeline from the Gulf helping to ease the country’s energy crisis. Tarek el-Molla, head of state-run Egyptian General Petroleum Corp (EGPC), said Egypt had received an oil shipment from Saudi Arabia “at a value of between $650 and $700 million” in April and would keep getting the same amount monthly through August. read more