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Saudi Aramco declined to comment on the report.
Egypt's Petroleum Ministry said on Wednesday that it was working with Aramco on a timetable for the resumption of imports and that the reasons behind the October cut-off were purely commercial.
Though officials from both sides have denied the existence of tensions or disagreements between the two countries, the two have been at odds on a number of political issues.
Egypt voted in favour of a Russian-backed but Saudi-opposed U.N. resolution on Syria in October, which excluded calls to stop bombing Aleppo.
In January an Egyptian court rejected a government plan to transfer two uninhabited Red Sea islands to Saudi Arabia.
(Reporting by Ehab Farouk; writing by Asma Alsharif; editing by Jason Neely)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)