Iraqi oil reaches Egypt beginning next month


Economy news Baghdad:

Iraq's Ambassador in Egypt, Habib al-Sadr, Saturday, it is expected the arrival of the first shipment of Iraqi oil to Cairo early next May.

Sadr said in an interview "I followed the news, economy" Convention completed all aspects of procedures and expect the first shipment of Iraqi oil which is about 2 million barrels of Basra light crude oil beginning next May and favourable payment terms and this will be the gateway to other economic projects ".

"The Iraqi Government was not intended at all through the Egypt petroleum export opportunity or invest his opponents, but Iraq looks great sister Egypt as a mainstay in the Arab world, and believed that the power of Egypt are very essential to the strength and cohesion of the Arab world."