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Egypt receives first shipment of Iraqi crude Thursday

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rocky
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Egypt receives first shipment of Iraqi crude Thursday

Post by rocky on Tue Feb 13, 2018 4:29 am

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Egypt receives first shipment of Iraqi crude Thursday[/size]
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 2 hours ago




The first shipment of Iraqi crude oil contracted by Egypt last month will arrive on Thursday (February 15th), the chief executive of the Egyptian General Petroleum Authority said on Monday. 
Abed Ezz's comments came to reporters on the sidelines of an oil conference in Cairo. 
A Reuters official told Reuters last month that Egypt had renewed its contract to buy crude oil from Iraq in January for a year. 
Egypt reached an agreement with Iraq in April 2017, under which Baghdad sells 12 million barrels of oil to Egypt for a year. 
Saudi Aramco re-supplied Egypt with about 700,000 tons of petroleum products per month at the end of March after it stopped in October.






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