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Egypt Will Pay for Oil Purchased From Iraq After 90 Day Rebate

He added that it was agreed to import one million oil barrels on a monthly basis, following the approval of the Egyptian cabinet on the deal.

Cairo/ Iraq TradeLink: Egyptian Petroleum Minister Tariq al-Mulla disclosed that it was agreed with

 
Iraq to pay Egyptian imported oil after 90 days from shipment.

He added that it was agreed to import one million oil barrels on a monthly basis, following the approval of the Egyptian cabinet on the deal.

It was agreed that the prices of the deal shall be determined on the date of shipments.


It is expected that the first shipment will arrive either this month or the next, oil sources expected.
 
Source: Iraq TradeLink

 

 

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