Egypt negotiate Iraq to import one million barrels of crude oil per month for one year



Section: Economic News Hits: 1083 Published on: 2/2/2017, 16:39

A senior source revealed on Thursday that Egypt is negotiating with Iraq to import one million barrels a month after the abandonment of Saudi Arabia's oil.
The head of the General Authority for Petroleum Egypt said his country is negotiating to import one million barrels per month of Iraqi crude oil for a year, or about one-third of the monthly production of crude.

Hadidi said during an oil conference in Cairo today, Anh'seetm negotiating with Iraq on the one million barrels per month for a period of one year, subject to renewal, adding that he 'will be Iraqi oil refinery in the Egyptian refineries'.

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