Saudi Arabia’s state oil firm Aramco has not commented on the halt.
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Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal would be halted indefinitely, suggesting a deepening rift between the Arab world's richest country and its most populous. Saudi Arabia agreed to provide Egypt with 700,000 tons of refined oil products per month for five years in April, during a visit by King Salman. Monday, Egyptian Oil Minister Tarek al-Molla confirmed it had halted the shipments indefinitely.The move comes as a source in Molla's delegation said late Sunday evening that he would visit Iran, Saudi Arabia's main political rival, to try to strike new oil deals.Gulf Arab countries, led by Saudi Arabia, have pumped billions of dollars into Egypt's flagging economy since mid-2013, when general-turned-president Abdel-Fattah al-Sisi seized power, ending a year of divisive Muslim Brotherhood rule.
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