shipment to Egypt shall be received on 12 May, 2017.
It is expected that the shipment will be 2 million barrels of crude oil.
Egyptian authorities signed a contract with Iraq before two weeks to have 12 million barrels of Basra light oil , 2 million barrels each two months.
Iraq will grant 90 days rebate to pay the costs of the shipments.
It is expected that the contract has a clause to refine Iraqi oil in Egypt refineries, as media organs pointed out earlier.
Source: Iraq TradeLink