BREAKING NEWS

Kuwait sends $200 million worth of oil to Egypt - newspaper

By REUTERS

JULY 14, 2013 17:08

KUWAIT - Kuwait has sent two oil tankers carrying crude and diesel worth $200 million to Egypt, a Kuwaiti newspaper said on Sunday, part of a $4 billion aid package pledged by the Gulf Arab state last week after the ouster of Islamist President Mohamed Morsi.

Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt in a show of support after the army toppled the Muslim Brotherhood government. Most US-allied Gulf monarchies regard the Brotherhood as a threat.

Kuwait's Arabic-language al-Rai newspaper quoted oil sources as saying that an oil tanker carrying between 90,000 and 100,000 tonnes of diesel that happened to be traveling through the Suez Canal was diverted to Egypt. A second tanker with 1.1 million barrels of crude was ordered to sail towards Egypt, it said.

The newspaper estimated the value of the cargo on each ship at $100 million.

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