April 28, 2013

Libya to help ease Egypt crisis with $1.2 bln oil deal

TRIPOLI, April 28 (Reuters) - Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy imports and avoid fuel shortages.

The officials told Reuters that Tripoli would supply Cairo with $1.2 billion worth of crude at world prices but on interest free credit for a year, with the first cargo expected to arrive next month. Read more.

Aswat Masriya

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