Kuwait to Export Gas Oil to Egypt

Kuwait Petroleum Corporation (KPC) will export gas oil to Egypt for a period of three years, the company announced.

Abdulatif Al-Houti, KPC’s managing director for international marketing, signed the agreement with Mohammad Shuaib, vice president of Egypt General Petroleum Authority.

KPC managing director for international marketing Abdulatif Al-Houti told Kuna News Agency that the deal will come into effect in January 2011.

Such a deal would help strengthen petroleum cooperation between Kuwait and Egypt, according to Al-Houti.