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Egypt plans to Import Oil Directly from Iraq
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December 27, 2016 in [You must be registered and logged in to see this link.]
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December 27, 2016 in [You must be registered and logged in to see this link.]
By John Lee.
According to a report from Reuters, Egypt hopes to finalise a deal by the first quarter of 2017 to import crude oil directly from Iraq.
Petroleum Minister Tarek El Molla (pictured) told reporters that Egypt aims to import between 1 million and 2 million barrels per month from Iraq:
“We already use Iraqi oil but we get it from international markets but we hope to have a direct government-to-government agreement.”
(Source: Reuters)
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