Egypt is set to import at least 1 million barrels per month of Libyan oil due to a halt in Kuwaiti crude supplies caused by the effective closure of the Strait of Hormuz.
Updated 3/30/2026 2:25:00 AMThe SUMED pipeline confirmed its position as a vital alternative route for exporting Gulf crude oil amid disruptions to maritime navigation through the Strait of Hormuz, the Egyptian cabinet cited Asharq Business.
Updated 3/24/2026 5:25:00 AM
The Ministry of Investment and Foreign Trade denied reports claiming that the government decided to suspend Egyptian exports to Gulf countries, affirming that export movements are operating normally.
Updated 3/16/2026 6:19:00 AM
Egypt will not be affected by the closure of the Strait of Hormuz, Minister of Petroleum and Mineral Resources Karim Badawi affirmed during the cabinet’s meeting.
Updated 3/4/2026 8:24:00 AM