Kuwait to raise crude oil exports to Egypt, could send diesel

Kuwait plans to raise its crude oil exports to Egypt to up to 100,000 barrels per day from 65,000 bpd now and is ready to supply it with refined fuel too if needed, a Kuwaiti oil official said on Tuesday.

Saudi Arabia, Kuwait and the United Arab Emirates have together provided Egypt with billions of dollars in grants, loans and petroleum products since former President Mohamed Mursi of the Muslim Brotherhood was overthrown by the army last year, providing a badly-needed economic lifeline.

Kuwait was studying Egypt's need for petroleum products, said Nasser al-Mudhaf, managing director for international marketing at state owned Kuwait Petroleum Corp (KPC).

"We are ready to provide it with diesel,” he told Reuters before travelling to Cairo.