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Egypt's oil change destination from Saudi Arabia to Iraq
2/1/2017 0:00
[rtl]Cairo / follow-up to the morning
[/rtl]
At a time when Egyptian Oil Minister Tariq Mulla announced that a planned visit by an oil of a delegation from his country into Iraq during the month of February of understanding on the final draft of the agreement imported crude oil, economic Academy, said that Iraq has two types of crude oil are "Basra Light" and "Basra
[size][rtl]Heavy. "
He said Mullah" Reuters ":" A delegation will visit Iraq next month to agree to supply Egypt with crude oil and agree on a final draft of the contract, and expected completion of the agreement during the current quarter. "
Egypt is seeking to import between one million and two million barrels per month of crude oil
Iraqi.
for his part , academic and economic d. Essam Mahouelle in an interview for the "morning" the viscosity of crude Basra heavy amounting to 23.55 degrees on the scale of the American Petroleum Institute, adding that the sulfur content of which 4.2 percent, indicating that it is a positive beginning to achieve meaningful cooperation economically in productivity and other service sectors.
He pointed out that Egypt can contribute to the activation of some of the industries that have been successful and have supported the economy of
their country.
the Mahouelle that the export of crude oil is going at good rates from the ports of Basra, particularly the State oil Marketing company (SOMO) in connection with the export of 3.64 million barrels per day from the port of Basra this
month.
I stopped "Aramco" Saudi Arabia, the largest oil company in the world, for the supply of Egyptian petroleum substances since last October despite the presence of its value deal at $ 23 billion Saudi Company is required to supply 700 thousand tons per month to Egypt for a period of five years.
Iraq has cut oil production by 160 thousand barrels per day since the beginning of last January, in response to the decision of the Organization (OPEC) , which was approved by the country to reduce output by 210 thousand barrels per day in the first half of 2017.[/rtl][/size]
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