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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month

    Rocky
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    The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month Empty The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month

    Post by Rocky Thu 23 Feb 2017, 4:24 am

    The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month

    Thursday February 23, 2017 09:16
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     News / Baghdad
    , said the Iraqi ambassador in Cairo , Habib al- Sadr, on Thursday, for the end of thesigning of the supply agreement Egypt one million barrels of oil per month, pointing out that the first shipment will arrive in Egypt early next month. 

    It quoted the Egyptian Al - Ahram newspaper, in its edition on Thursday (February 23, 2017), from the Ambassador of Iraq to Cairo Habib Mohammed Hadi al- Sadr assaying that the Iraqi Oil Marketing Company ( SOMO ) has completed the signing of acontract Egypt 's supply of oil, and sent the Egyptian Ministry of Petroleum for approval.




    The newspaper quoted the ambassador as saying , " is expected the arrival of the first shipment to Egypt, the estimated one million barrels per month, early next month." 

    The ambassador added that he would create a "giant tanks for the storage of Iraqi oil, Egypt to take its oil needs and issues remaining to global markets", in the framework of a project to build two pipelines for oil and gas from the fields of Basra , passing through Jordan . 
    The head of the Egyptian General Petroleum Corporation Tariq al- Hadidi, said in a February 14, said that Egypt is close to reaching an agreement on the import of crude oil from Iraq, and is looking to conclude similar deals with other countries to manage supplies. 

    Egypt and are looking for additional sources of imported crude, after Saudi Aramco halted oil product shipments to Egypt last year. 

    There have been a Saudi aid to Egypt , a deal worth $ 23 billion, including 700 thousand tons of refined petroleum products per month for five years. Aramco did not mention at all the reason to stop the deal. 

    Egypt has turned to the spot market in recent months to make up for the shortfall. 

    The Petroleum Authority announced last month that it is seeking to buy up to 1.012 million tons of gas oil, delivered in February and March / March, compared with about 200 thousand tons of gas oil a month before Aramco shipments stopped. 

    Egypt and resorted to Iraq in search of a long - term solution to make up the shortfall.




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