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May 25, 2016 / 17 Iyar, 5776
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Egypt Receives $700 Million in Oil Aid – Monthly

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Egypt receives an estimated $700 million of oil every month from Arab countries, according to a report in the Egyptian Independent.

Egypt’s Petroleum Minister Sherif Ismail said that Saudi Arabia, the United Arab Emirates and Kuwait have been supplying Egypt with the needed oil and financing since Morsi was deposed in July, to the tune of $12 billion dollars.

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3 Responses to “Egypt Receives $700 Million in Oil Aid – Monthly”

  1. Gene Strong says:

    Sounds like.extortion on the part of the egyptians.

  2. These Arabs are going to run out of oil, then what? While the USA has billions of barrels it won’t even touch! They claim it’s environmental issues is the reason they won’t drill! USA get out of bed with these Arabs devils and start drilling our own oil!

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