There has been no confirmation that Saudi will resume shipments of petroleum products in November after their spending deliveries this month, Oil Minister Tarek El Molla told Reuters, corroborating reports which we noted on Monday. "The contract is in effect for five years so whether it’s interrupted for a week or a month or two or three the contract is in effect and still on," he added. There have been no confirmations of a return of aid either, he said. Aramco’s delay in fuel shipments will have no bearing on Egypt’s capacity to produce electricity, said Electricity Minister Mohamed Shaker, Al Shorouk reports. 72% of Egypt’s plants rely on natural gas and so won’t be affected by October’s delay. And in case you are not tired of hearing it: the Daba’a contracts will almost be signed, said Shaker at the youth conference.

Meanwhile: Egypt has reportedly reached an agreement to import petroleum products from Kuwait, a government official told Kuwaiti newspaper Al Rai on Tuesday. Unlike Aramco and other import agreements with the UAE, these imports will not include preferential terms, facilities, discounts or grants — Egypt must pay for the shipments in cold, hard “cash,” the official added. The size of the shipments was not revealed, but is subject to Egypt’s ability to pay for the shipments. The agreement is yet to be ratified by the Kuwaiti cabinet.

In other energy news, International oil companies have refused to bend on payment terms for fuel shipments, with Egypt having asked for six months to make good on what it buys, sources told Al Mal. Some IOCs have accepted extending the period to three months, while others said they would study the proposal with their respective parent companies, the sources added.