Cairo may raise annual imports from Baghdad to 24m barrels of oil
Egypt has entered talks with Iraq in order to advance its oil imports from the country to 24 million barrels per year as of 2018, Egypt Oil & Gas said referring to the Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla.
The talks follow a one-year agreement between Egypt and Iraq for the import of 12 million barrels of oil per year which was reached in April 2017.
Thus, the future deal would double Cairo’s crude oil imports from Baghdad, Egypt Oil & Gas noted.
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