Egypt to Import Libyan Oil

Egypt's oil minister, Osama Kamal (pictured), has said the country will import 900,000 barrels of oil a month from Libya starting in April, reports Reuters.

National Oil Corporation (NOC) Chairman Nuri Balrwin [Nuri Berruien, Nouri Berouin] said Libya will provide Egypt with the equivilent of one million barrels of crude per month at world prices.

On Monday the Libyan oil minister, Dr. Abdulbari Alarusi [Al Arusi, Al-Aroussi], said Libya plans to refine some of its crude oil in Egyptian refineries to support the Egyptian economy which is struggling after more than two years of political unrest.

(Source: Reuters)

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