Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

Egypt Will Soon Receive First Shipment of Iraqi 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.

Cairo/ Iraq TradeLink: Egyptian Petroleum Minister Tariq al-Mulla disclosed that the first Iraqi oil

 
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

 

 

Categories

Read more news like this

Categories
Oil and Gas News