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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Egypt: Iraq's oil import agreement shall enter into force mid-April

    Rocky
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    • Post n°1

    Egypt: Iraq's oil import agreement shall enter into force mid-April Empty Egypt: Iraq's oil import agreement shall enter into force mid-April

    Post by Rocky Thu 16 Mar 2017, 6:11 am

    Egypt: Iraq's oil import agreement shall enter into force mid-April

    economy Since 16/03/2017 13:59 pm (Baghdad time)

    Baghdad balances News
    An official of the Egyptian Ministry of Petroleum and Mineral Resources, the source, for the agreement with the Iraqi side on the supply of one million barrels per month based and will enter into force mid-April at the latest.
    The source added that the General Petroleum Corporation ended its negotiations with the Iraqi Ministry of Oil and the Iraqi SOMO, but it was not only the completion of certain regulatory procedures necessary to start supplying shipments left.
    The source continued, that the Iraqi Egyptian agreement to import oil was not a substitute for Saudi Aramco shipments, which had been since last October stopped, before the Saudi Company announces the Egyptian Petroleum Ministry to resume shipments again on Wednesday evening, adding that Aramco shipments, equivalent to about one-third Egypt's imports of petroleum products.
    It is worth mentioning that the Egyptian negotiations with the Iraqi side agreed to include a monthly million barrels of Basrah Light for one year, renewable, and affordable payment terms, plus it will be Iraqi oil refinery in the Egyptian refineries.
    General Petroleum Corporation and seeking to secure Egypt's needs of fuel through the conclusion of several government agreements to import oil, Egypt and the associated agreement with Kuwait for the supply of two million barrels of crude oil per month to Cairo allow nine-month period before the start of the payment of the value of shipments, an agreement that has been renovated beginning of the year ongoing.
    Saudi Arabia was agreed to Egypt's supply of petroleum products refined by 700 thousand tons per month, for a period of five years, under a deal worth $ 23 billion between Saudi Aramco and the Egyptian General Petroleum Corporation, was signed during an official visit by Saudi King Salman bin Abdul Aziz of Egypt April 2016.
    Under the agreement, Egypt bought a month since May 2016 from Aramco 400 thousand tons of diesel fuel, 200 thousand tons of gasoline and 100 tons of fuel oil, so a credit line interest rate of 2% to be made on 15 Aama.anthy 29 / D 24


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    Rocky
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    • Post n°2

    Egypt: Iraq's oil import agreement shall enter into force mid-April Empty Egypt: Implementation of the oil agreement with Iraq in April, despite the resumption of imports of

    Post by Rocky Thu 16 Mar 2017, 6:25 am

    Egypt: Implementation of the oil agreement with Iraq in April, despite the resumption of imports of Saudi Arabia



    History of edits:: 2017/3/16 13:29 • 42 visits readable
    Egypt: Implementation of the oil agreement with Iraq in April, despite the resumption of imports of Saudi Arabia
    [Oan- follow-up]
    An official source at the Ministry of Petroleum and Mineral Resources in Egypt, for the agreement with the Iraqi side on the supply of one million barrels per month based and will enter into force mid-April next year at the latest. "
    The source said in a press statement to [seventh day] that the Egyptian "General Petroleum Corporation ended its negotiations with the Iraqi Ministry of Oil and Sumo Iraq, but left only the completion of some necessary to start supplying shipments regulatory procedures."
    He added, "The Iraqi Egyptian agreement to import oil was not a substitute for Saudi Aramco shipments, which had since October last stopped, before the Saudi Company announces the Egyptian Petroleum Ministry to resume shipments again on Wednesday evening," explaining that "Aramco shipments equivalent about a third of Egypt's imports of petroleum products. "
    It is said that the Egyptian negotiations with Iraq's agreement includes the monthly million barrels of Basrah Light for one year, renewable, and affordable payment terms, plus it will be Iraqi oil refinery in the Egyptian refineries.
    General Petroleum Corporation and the Egyptian is seeking to secure Egypt's needs of fuel through the conclusion of several government agreements to import oil, Egypt and the associated agreement with Kuwait for the supply of two million barrels of crude oil per month to Cairo allow nine months before the beginning of the repayment of the value of shipments period, an agreement that has been renovated beginning of the year ongoing.
    Saudi Arabia was agreed to Egypt's supply of petroleum products refined by 700 thousand tons per month, for a period of five years, under a deal worth $ 23 billion between Saudi Aramco and the Egyptian General Petroleum Corporation, was signed during an official visit by the king of Saudi Arabia Salman bin Abdul-Aziz of Egypt in April 2016.


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