Kuwait offers crude to Egypt after Aramco move

摘要

Cairo—The Kuwaiti government has approved the sale of 2 million barrels/month of crude to Egypt from January, the Kuwaiti Al-Rai newspaper reported Tuesday. The crude will be based on international prices, with no discounts, but Egypt will be given a nine-month grace period before payments need to be made, Al-Rai said, citing sources. Kuwait’s oil ministry could not be reached for comment.