KUWAIT CITY (AFP) – Kuwait has delivered crude oil and diesel worth $200 million to Egypt as part of a $4-billion aid package to bolster its faltering economy, a newspaper reported on Sunday.
Two tankers, one carrying around 100,000 tonnes of diesel and the other 1.1 million barrels of crude, have docked in Egypt, Al-Rai reported, citing Kuwaiti oil sources.
The emirate announced on Wednesday that it would provide $4 billion in urgent aid to Egypt, half a deposit in the Egyptian central bank, and the remainder made up of a grant of $1 billion and $1 billion in free oil and oil products.
Al-Rai also quoted Finance Minister Mustafa al-Shamali as saying the aid pledged by Kuwait will reach Egypt "by the end of this week or at the start of next week".
Neighbouring Saudi Arabia and the United Arab Emirates have pledged $5 billion and $3 billion respectively, bringing the total promised by Gulf Arab states since the Egyptian army ousted Islamist president Mohamed Morsi earlier this month to $12 billion.