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Egypt to Will Export Oil Directly from Iraq

Agreement will be finalised by first quarter of 2017

Reuters recently reported a deal to export oil directly from Iraq to Egypt will be finalised by the first quarter of 2017. 

Minister of Petroleum, Tarek El Molla told reporters in Egypt he would import 1-2 million barrels of oil per month from Iraq, he stated, “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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