Egyptian oil will receive the fourth Iraqi oil delivery by the end of next week

Egyptian ports will receive by the end of next week, the fourth shipment of Iraqi oil, estimated at 2 million barrels of oil, as revealed by a source close to the oil sector.

The Egyptian company General Petroleum Corporation announced in mid-January that it would renew its agreement with the Iraqi Ministry of Oil to supply Egypt with about 12 million barrels of Iraqi oil for one year.

. The spokesman of the Iraqi Oil Ministry, Assem Jihad, said in special statements for the "seventh day" that Iraqi oil and oil ministries have agreed to renew the contract to provide Egypt with 12 million barrels of crude oil under the same conditions. He adds that the contracted quantity of about 12 million barrels is loaded on six loadings at the rate of 2 million barrels per shipment, as in the previous agreement.

He continues, "Jihad": This agreement is part of strengthening relations between the two sister countries, and their concern to broaden the horizons of bilateral cooperation.

© Al-Youm Al-Sabea 2018