Oil deal

Kuwait Times - - FROM THE ARABIC PRESS -

The Cab­i­net agreed dur­ing its meet­ing Mon­day to ex­tend its deal to sell crude oil to Egypt start­ing from Jan­uary 1, 2017, while giv­ing Cairo a nine month pe­riod be­fore the first pay­ment, govern­ment sources said. According to the con­tract, Kuwait will pro­vide Egypt with nearly two mil­lion bar­rels of crude each month based on in­ter­na­tional mar­ket prices and with­out dis­counts, the sources ex­plained. —Al-Rai

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