Egypt anger at Saudi fuel halt

7 Days in Dubai - - ADIPEC -

Egypt has claimed Saudi Ara­bia has halted fuel ship­ments in­def­i­nitely, in a sign of lin­ger­ing ten­sions fol­low­ing a dis­pute over the con­flict in Syria. The move ratch­ets up pres­sure on Egypt as it im­ple­ments aus­ter­ity mea­sures in the hope of se­cur­ing bil­lions of dol­lars in loans to sta­bilise its ail­ing econ­omy, As­so­ci­ated Press re­ported. Egyp­tian Oil Min­istry spokesman Hamdi Ab­del-Aziz said Saudi’s Aramco stopped send­ing the fuel ship­ments to Egypt “with­out giv­ing a spe­cific timetable or rea­sons”. Saudi agreed in April to pro­vide Egypt with 700,000 tons of fuel monthly for five years on easy re­pay­ment terms, but Egypt said last month that Oc­to­ber’s ship­ments had been halted. The move ap­pears to be in re­sponse to Egypt’s sup­port of a UN Se­cu­rity Coun­cil res­o­lu­tion on Syria that was fiercely op­posed by Riyadh.

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