Egypt, Saudis Ink $1.4 bln Energy Pact

Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, the oil minister told Reuters on Thursday.

The deal stipulates that Egypt pay Aramco within a year, Sherif Ismail said.

Financial support from Gulf states such as Saudi Arabia has helped Cairo keep its economy afloat and ease an energy crisis.

Reporting by Ehab Farouk