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Egypt signs crude oil supply agreement with Aramco Trading for petrochemicals complex

Egypt signs crude oil supply agreement with Aramco Trading for petrochemicals complex
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Mubasher: Egypt's Red Sea National Petrochemicals Co. has signed an agreement with Aramco Trading Company, a subsidiary of Saudi Arabian Oil Company (Aramco), to supply raw materials to the Red Sea Petrochemicals Complex at the Suez Canal Economic Zone.

Under the agreement, Aramco Trading will provide Red Sea National Petrochemicals with Arabian light crude oil for the Petrochemicals Complex, according to a press release on Wednesday.

During the fifth edition of the Egypt Petroleum Show (EGYPS 2022), Egypt's oil sector has signed a number of joint agreements with Saudi Aramco as part of the measures taken to complete the complex's construction.