Egypt is seeking to import no less than one million barrels per month of Libyan oil to compensate for the halt of Kuwaiti crude supplies, amid the disruption of maritime traffic through the Strait of Hormuz due to military escalation in the region, according to a government official who spoke to "Al-Sharq" on the condition of anonymity.
The official added to "Al-Sharq" that there are "intensive negotiations currently underway between the Egyptian General Petroleum Corporation and the National Oil Corporation in Libya, to reach an agreement that allows for the import of the necessary quantities to operate the refineries in Egypt, which partially rely on imports of Kuwaiti crude."
Egypt used to import between one and two million barrels per month of Kuwaiti oil, in addition to about one million barrels from Saudi Aramco, as part of credit facilities.
Kuwait, the fifth largest producer in the Organization of the Petroleum Exporting Countries (OPEC), has reduced oil production and refining after the slowdown of shipping through the Strait of Hormuz, and the Kuwait Petroleum Corporation announced a force majeure on crude sales. Force majeure in commercial contracts refers to an exceptional event beyond the company's control that makes it impossible or temporarily difficult to fulfill contractual obligations, allowing the company to suspend shipment supplies or modify delivery schedules without incurring contractual penalties.#مصر #ليبيا #الكويت #نفط #السوق $SOL $BTC $AVAAI
Turkish President Recep Tayyip Erdoğan receives the CEO of "BlackRock" and the Chairman of the World Economic Forum, Laurence Fink, at the presidential office in Dolmabahçe Palace in Istanbul #بلاك_روك #تركيا #أردوغان #بيناس #العملات_البديلة $XRP $BTC $ETH
🚨 Urgent Whales from the Satoshi Era are making a huge deal! An old whale from the Satoshi Era bought 11,520 bitcoins worth 770 million dollars 💥🐋 This whale has become active for the first time since 2011… And has returned to invest with full force in bitcoin again! ⚡️ Does this whale know that the bottom has been recorded? 🤔🔥 $BTC
🚀🔥 Is it time for Bitcoin to rise? 🔥🚀 The market is currently witnessing strong movement 👀 And everyone is watching the support and resistance levels for BTC 👇 📊 Key points: ✔️ Staying above support = Strong rise opportunity ✔️ Breaking resistance = New launch 🚀 ✔️ Trading volume is increasing 📈 💡 Did you know? Bitcoin is still the king 👑 in the crypto market, and any movement affects the rest of the currencies! ⚠️ Advice: Do not enter without a plan ❗ Always set your target and stop loss 🔥 Do you expect BTC to reach a new peak soon? Share your opinion 👇 #كريبتو #استثمار #بيتكوين #عملات_رقمية $BTC
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Simple retest at 1.316 after a strong drop and the main target Entering sell zones on the short side at 1.300\1.314 The main target is to secure your profits at 1.263 #ASR
$XRP The target of 1.35 has been achieved, waiting for another signal to enter. Wait for your follow-up video. Share the video with your friends. $XRP #Xrp🔥🔥 #xrp #XRPHACKED #XRPPredictions #XRPUSDT🚨
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$ARB Rise of instant trading entry areas 0.09180 First target 0.09310 Second target 0.095 Third target 0.098 May God grant everyone that all targets are achieved within 24 hours $ARB