Egypt Secures Libya Oil Imports After War Cuts Off Kuwaiti Flows
A customer pays for fuel at a CPC-Egypt gas station in Cairo on March 11.
Photographer: Islam Safwat/BloombergEgypt is set to import at least 1 million barrels a month of Libyan oil to compensate for a halt in Kuwaiti crude supplies caused by the effective closure of the Strait of Hormuz.
The agreement follows a request by the state-run Egyptian General Petroleum Corp. to Libya’s National Oil Corp., according to people with knowledge of the situation.