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Egypt to Buy 12 Million Barrels of Iraqi Crude in 2018

In an official statement form Egypt's state petroleum buyer, EGPC, Iraq has been contracted to provide 12 million barrels of Iraqi crude over 2018.

In an official statement form Egypt's state petroleum buyer, EGPC, Iraq has been contracted to provide 12 million barrels of Iraqi crude over 2018. 

The shipment will occur in 6 installments of 2 million barrel cargoes of crude over the coming year, starting in the month of January. 

The agreement was originally signed in April with the first scheduled shipment in May. In the recent years, Egypt has started to import significantly more as production has failed to meet with the rising energy demands of the country. Source: Reuters

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