Egyptian official: Iraq's oil obviates for Saudi Aramco

20 minutes ago

Twilight News / A source in the Egyptian Ministry of Petroleum, said that the agreement between Egypt and Iraq, reflects progress in the Egyptian - Iraqi relations, which is now entering Baghdad , as an alternative to Saudi Arabia, which suspended its contract with Egypt on oil, based on political positions.

According to Egyptian reports, quoting official said the agreement was held between Egypt and Iraq, but did not specify a time period for entry into force, but made it clear that the agreement is just the beginning to raise the level of mutual cooperation in all fields, especially in the field of oil.

He added that Egypt could terminate the contract fully with the Saudi company , "Aramco", after some Arab and Western countries confirmed its readiness to help Egypt and support what you need from petroleum, and all offers obtained by Egypt included a large payment facilities.

" The agreement with Iraq will not be the last, there are several job offers to help Egypt overcome the crises related to energy and international cooperation in this regard surprised everyone in Egypt, because of the size of the offers and strength, and thus disagreement with Saudi Arabia will not be effective at all."

He was Iraq 's ambassador to Cairo , Habib al- Sadr stressed that there are efforts between the two countries for the development of relations in the coming period, announcing that a delegation of businessmen and investors Iraqis visit to Cairo next week to discuss the establishment of an Egyptian business council Iraqis, identifying investment opportunities and possibilities to enter the Egyptian market.

And the ambassador that there are understandings between the two ministers involved in trade with the two countries for the supply of certain goods to Egypt to intervene in the ration, and there are broad areas will be made available for employment and Egyptian companies in the reconstruction of Iraq operations after the end of the war to organize "Daesh."

He said that according to the agreement that was signed between the Egyptian and Iraqi officials, Iraq will export one million barrels of oil during the next few days.

And the impact of the outbreak of the conflict in the foreign policy positions of Riyadh and Cairo, the largest oil company in the world , Saudi Aramco refused in October last year, the sale of oil to Egypt even though they signed a contract to export oil for a period of five years.

Tensions between the two countries began after Egypt harmonize with Russia on resolving the Syrian crisis and refused to send troops Cairo with Saudi military alliance against Yemen, even the major media in the two countries to speak against each inappropriate and blasphemy against the governments and peoples of the two parties.

Sources