Egypt, Kuwait renew oil supply deal
An oil rig
Egypt - Arab today
Egypt and Kuwait has signed a new multi-billion dollar contract to supply crude oil and petroleum, the state oil company of the Gulf country announced on Wednesday evening.
The contract signed by the Egyptian General Petroleum Corporation (EGPC) and the Kuwait Petroleum Corporation (KPC) is to supply Egypt with 1.5 million barrels of petroleum products per year and 2 million barrels of crude oil per month.
According to the three-year contract, the crude oil will be refined in Egyptian refineries.
Egypt will have a grace period of 180 days to pay for the shipments of fuel products and 270 days for crude oil, according to MENA.
A previous three-year contract between the two countries expired in December
Source: Ahram online
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 10:51 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 10:38 2018 Wednesday ,24 January
Sanofi buys US haemophilia treatment firm
GMT 00:09 2017 Wednesday ,01 February
MP Badrawi says Egypt's economic situation is difficult
GMT 10:48 2016 Tuesday ,12 April
Artist Christo in divine stunt on Italy lake
GMT 09:12 2017 Monday ,17 April
Qatar, South Africa Build on Decades of Fruitful Strategic Partnership
GMT 03:22 2011 Wednesday ,07 September
Tata AutoComp drops IPO as market eases
GMT 20:13 2017 Sunday ,05 March
UAE signs statute of International Alliance for Safeguarding Cultural Heritage
GMT 13:51 2016 Monday ,30 May
348m-long cruise ship anchors
GMT 19:37 2011 Thursday ,01 September
NZ still Rugby W. Cup favourites
GMT 08:28 2017 Wednesday ,05 April
Israel denying human rights workers access to Gaza
GMT 03:52 2013 Friday ,20 September
Obama tests Iran
GMT 06:40 2013 Thursday ,17 January
Sudan: Opening the doors for al-Qaeda
GMT 18:03 2017 Saturday ,28 January
Morocco Wins 3 Awards at International Debate Competition
GMT 09:28 2016 Saturday ,17 December
Egypt church bombing raises calls to uproot bigotry
GMT 13:08 2016 Saturday ,10 December
Feathered dinosaur tail found encased
GMT 09:34 2015 Monday ,24 August
Chinese students secure funding for their startups at SMU
GMT 10:04 2017 Friday ,28 April
Bangladeshi girl with three legs 'walks, runs'
GMT 09:09 2014 Saturday ,30 August
Star-studded comedy 'She's Funny That Way' charms Venice
GMT 17:29 2015 Thursday ,01 January
Patrick Patton’s first book 'Christian Juggalo'GMT 08:50 2013 Monday ,03 June
Blackout curtains uses
GMT 10:00 2014 Sunday ,28 September
Children overprescribed antibiotics
GMT 05:36 2012 Monday ,13 August
Who is trying to set Egypt ablaze?
GMT 12:31 2017 Friday ,22 December
ThyssenKrupp steelworkers clinch deal ahead of Tata merger
GMT 07:27 2012 Monday ,18 June
Russia: How to deal with Putin
GMT 17:23 2017 Friday ,10 March
Weather Bureau Warns Strong Wind and High Sea Today
GMT 10:37 2017 Wednesday ,08 March
rain sweeps away and fog rolls in
GMT 04:52 2017 Monday ,06 February
Wailea Beach Resort renovation revealed
GMT 14:34 2017 Thursday ,30 March
IATA: Laptop Cabin Ban Ineffective
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor