Aramco likely to begin refining fuel in Egypt in 1Q2018 - officials

Aramco likely to begin refining fuel in Egypt in 1Q2018 -officials: Saudi Aramco is likely to begin refining crude oil in Egyptian refineries in 1Q2018, an official from the Oil Ministry tells Al Shorouk, initially at the Middle East Oil Refinery (MIDOR). Talks are still ongoing with Saudi’s largest oil producer, the official stated. Oil Minister Tarek El Molla had confirmed earlier this month that talks had been taking place with Aramco to refine fuel here and that refining would begin at some point in early 2018. This follows other reports that Aramco had agreed to a plan last month to ship crude through the SUMED pipeline and use Sidi Kerir as a center for exporting refined output to Europe. Egypt is also receiving 700k tons of petroleum products per month from Aramco under an existing five-year fuel supply agreement.