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FINANCIAL NEWS
Kuwait said to send USD200m worth of oil to Egypt
15 Jul 2013
(MENAFN) Kuwait has sent two oil tankers carrying crude and diesel worth USD200 million to Egypt, Reuters reported citing a Kuwaiti newspaper.
According to Al Rai daily, the shipments are of a USD4 billion aid package recently pledged by the Gulf state, after the ouster of Islamist President Mohamed Mursi.
Egypt has received few days ago a massive USD12 billion aid pledge from Kuwait, UAE and Saudi Arabia, who were long critics of Morsi’s Muslim Brotherhood.
The state news agency KUNA said earlier this month that Kuwait’s aid package would comprise a USD2 billion central bank deposit, a USD1 billion grant and USD1 billion in oil products. It did not say when the aid would be delivered.
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