SAUDI ARABIA/EGYPT

 

Saudi Gifts Egypt Oil

 

Saudi Arabia will provide Egypt with free petroleum products worth more than $3bn over the period April-August, roughly around $650-700mn per month, the head of the Egyptian General Petroleum Corporation (EGPC) Tarek El Molla says. Three Gulf states, Saudi Arabia, Kuwait and the UAE, had earlier pledged an aid package of $12bn, including petroleum products, immediately after the ousting of former Muslim Brotherhood president Muhammad...