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Iraq Exports First Shipment of Crude Oil to Egypt

Source: www.gulfoilandgas.com 5/4/2017, Location: Middle East

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The ministry of oil declared the exportation of the first shipment of crude oil which was (2) million barrels to Egypt through the southern ports.

Mr. Assim Jihad the spokesman of the ministry said that the shipping process of crude oil to the tanker ship started at the 3rd of May, and the shipment was (2) million barrels which is a part of the total quantity which is (12) million barrels.

Mr. Jihad said also that this process is a part of the agreement between Iraq and Egypt which requires to supply Egypt with (12) million barrels "as 2 million barrels per month".

It is trustworthy to say that Iraq have signed an agreement with the Egyptian General Petroleum Corporation two weeks ago to export (12) million barrels of the Basrah light crude oil.

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