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FINANCIAL NEWS
Kuwait Petroleum signs export deal with Egypt
08 Aug 2010
(MENAFN) Kuwait Petroleum Corporation (KPC) said that it has signed a deal to export gas oil and aircraft fuel to Egypt for a period of three years, Reuters reported.
KPC’s Managing Director for International Marketing Abdulatif Al-Houti signed the agreement with Vice President of Egypt General Petroleum Authority (EGPA) Mohammad Shuaib.
Al-Houti told KUNA the deal would be put into activation as of next January, stressing that such deal would help strengthen petroleum cooperation between Kuwait and Egypt.
KUFPEC’s Branch Manager in Egypt Said Safan affirmed the importance of such deal to bolster bilateral relations, adding that KUFPEC was involved in other petroleum ventures in Egypt
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