Egypt receives second shipment of Iraqi crude oil

[yota691]

Oil delegation visiting Iraq in February to agree on oil imports

 

Tuesday January 31, 2017 10:39

 

 

 

Alsumaria News / Baghdad  Announced that Egyptian Oil Minister Tariq Al - Mulla, Tuesday, that a delegation from his country 's oil will visit Iraq in February to agree on crude oil imports.   Said Reuters , quoting Mullah, "A delegation oil from his country will visit Iraq in February to agree on a final draft of the import of crude oil."       He predicted Mullah "the completion of the agreement during the first quarter of the year 2017".   It seeks Egypt to import between one million and two million barrels per month of Iraqi crude oil.   He stopped and Saudi Aramco, the largest oil company in the world for the supply of petroleum substances Egypt since last October despite the existence of an agreement worth US $ 23 billion Saudi Company is required to supply 700 thousand tons per month to Egypt for a period of five years.

[yota691]

Egyptian delegation to visit Iraq next month to agree on oil imports

History of edits:: 1.31.2017 11:23 • 86 visits readable

[Oan- up] 
Egyptian Oil Minister Tariq Al - Mulla said on Tuesday that a delegation from his country 's oil will visit Iraq in the month of February to agree on a final draft of the agreement to import crude oil.

Egypt is seeking to import between one million and two million barrels of Iraqi oil a month. 
Al Mulla said in a telephone interview with Reuters , "There is a delegation will visit Iraq next month to agree on the supply of crude oil and Egypt agree on a final draft of the contract, and expected completion of the agreement during the current quarter." 
He stopped and Saudi Aramco , the largest oil company in the world for the supply of petroleum substances Egypt since last October despite the existence of an agreement worth US $ 23 billion Saudi Company is required to supply 700 thousand tons per month to Egypt for a period of five years. 
Baghdad has signed oil and Cairo agreement in 2016, and its provisions were discussed again during the visit of the Egyptian Minister of Petroleum, Tariq al- Mulla, to Baghdad October of the same year end.

 

[gregp]

Saudi should have offered more goats as a kick back

. GM Yota and DV! 

[yota691]

31-01-2017 01:24 PM

Egyptian delegation to visit Iraq to agree on a final draft of the agreement crude oil import

 

 

 

Egyptian Oil Minister Tariq Al - Mulla said on Tuesday that a delegation from his country 's oil will visit Iraq in the month of February to agree on a final draft of the agreement to import crude oil. 

Egypt is seeking to import between one million and two million barrels of Iraqi oil a month. 

Al Mulla said in a telephone interview with Reuters' There 's delegation will visit Iraq next month to agree on the supply of crude oil and Egypt agree on a final draft of the contract, and expected completion of the agreement during the current quarter. " 

He stopped and Saudi Aramco , the largest oil company in the world for the supply of petroleum substances Egypt since last October despite the existence of an agreement worth US $ 23 billion Saudi Company is required to supply 700 thousand tons per month to Egypt for a period of five years. 

Baghdad has signed oil and Cairo agreement in 2016, and its provisions were discussed again during the visit of the Egyptian Minister of Petroleum, Tariq al- Mulla, to Baghdad October of the same year end.

[yota691]

Egypt's oil change destination from Saudi Arabia to Iraq

 

 

2/1/2017 0:00  Cairo / follow-up to the morning At a time when Egyptian Oil Minister Tariq Mulla announced that a planned visit by an oil of a delegation from his country into Iraq during the month of February of understanding on the final draft of the agreement imported crude oil, economic Academy, said that Iraq has two types of crude oil are "Basra Light" and "Basra  Heavy. "  He said Mullah" Reuters ":" A delegation will visit Iraq next month to agree to supply Egypt with crude oil and agree on a final draft of the contract, and expected completion of the agreement during the current quarter. "  Egypt is seeking to import between one million and two million barrels per month of crude oil   Iraqi.  for his part , academic and economic d. Essam Mahouelle in an interview for the "morning" the viscosity of crude Basra heavy amounting to 23.55 degrees on the scale of the American Petroleum Institute, adding that the sulfur content of which 4.2 percent, indicating that it is a positive beginning to achieve meaningful cooperation economically in productivity and other service sectors.  He pointed out that Egypt can contribute to the activation of some of the industries that have been successful and have supported the economy of   their country.  the Mahouelle that the export of crude oil is going at good rates from the ports of Basra, particularly the State oil Marketing company (SOMO) in connection with the export of 3.64 million barrels per day from the port of Basra this   month.  I stopped "Aramco" Saudi Arabia, the largest oil company in the world, for the supply of Egyptian petroleum substances since last October despite the presence of its value deal at $ 23 billion Saudi Company is required to supply 700 thousand tons per month to Egypt for a period of five years.   Iraq has cut oil production by 160 thousand barrels per day since the beginning of last January, in response to the decision of the Organization (OPEC) , which was approved by the country to reduce output by 210 thousand barrels per day in the first half of 2017.

 

[Officiallytook]

You guys better finalize everything you need to, because the "right timing" is upon us.

[sandfly]

Thanks 

[yota691]

Egypt is negotiating with Iraq to import 12 million barrels of crude oil a year

By sd sd -

February 2, 2017

 

 

Image of Reuters archive to pump oil in California.

Treasures Media / Baghdad ..

The President of the General Authority for Petroleum Egyptian Tariq Iron, Thursday, that his country is negotiating to import one million barrels per month of Iraqi crude oil for a year.

Hadidi told reporters on the sidelines of an oil conference in Cairo today, that "the negotiations with Iraq over a million barrels per month for a period of one year, subject to renewal," noting that "Iraqi oil will be refined in Egyptian refineries."

The Egyptian Oil Minister Tariq Al-Mulla said Tuesday that a delegation from his country's oil will visit Iraq in Feb. to approve the final draft of the agreement to import oil

[yota691]

Egyptian delegation to Iraq to agree on import of raw

economy

 Since 02/02/2017 18:12 pm (Baghdad time)

Scales News - Follow-up

The Egyptian Petroleum Authority, on Thursday, visiting delegation from the Ministry of Petroleum of Iraq during the month of February, for the purpose of the agreement on the final items on the import of crude oil.

The chief executive of the body Tariq Iron, seen by / balances News /, "A delegation from the ministry will visit Iraq during the current month, to agree on the final terms for the supply of one million barrels of Iraqi crude Convention on the month to Egypt."

He said the iron, that "the agreement one-year, renewable at the parties agree, according to the terms of payment of soft," explaining that "the Egyptian Ministry of Petroleum will assume raw distribute imported from the Iraqi city of Basra on different laboratories, to meet local market needs."

Egypt had signed an agreement with the Iraqi side in March 2016, also renewed the Ministry of Petroleum agreement with Kuwait for the supply of two million barrels of crude oil in November of the year Math.anthy 29/1's

[Lorre]

Thanks!

[Gypsygirl11]

SCORE

[yota691]

Parliamentary Oil: Egypt step will strengthen Iraq's regional balance

 

 

Economy News / Baghdad parliamentary finance committee confirmed to Egypt's move to import oil from Iraq, Iraq will strengthen the regional balance. The committee member said Aziz Kadhim in an interview for "Economy News," that Iraq is trying to top the lists in the field of oil at a time when he wants to come out of the reliable, but because of the dependence on oil rentier economy remained is the main source of expenses. Kadhim said Iraq during the recent procedures strengthened his lead in the oil marketing and most recently Egypt's request that there be large quantities of oil exported to Egypt after the failure of Saudi Arabia to meet its obligations to Egypt, he had revealed to the President of the General Petroleum Authority Egyptian Tariq Iron (Thursday February 2) present that his country is negotiating on the import of one million barrels per month of Iraqi crude oil for a year. AJ
Views 21   Date Added 06/02/2017 - 12:05   Last updated 02/06/2017 - 15:08   No. Content 6660

[yota691]

Egyptian official: the start of the Iraqi oil imports within weeks

History of edits:: 02/13/2017 12:36 • 83 visits readable

[Oan- up] 
ended on Monday, a delegation from the Ministry of Petroleum and the Egyptian Mineral Resources visit to Baghdad, which lasted three days, to complete negotiations with the Iraqi side on the agreement on Egypt 's supply of ore Basra, and agree on a final draft of the contract.

Egypt is seeking to import one million barrels per month of Basra crude to refined Egyptian laboratories, under the current amplitude in Egyptian refineries. 
The chief executive of the General Authority of the Egyptian Petroleum, Tariq al- Hadidi, in a press statement, said that the travel of the Egyptian delegation to Iraq comes in the context of termination of the agreement with the Iraqi side, "pointing out that" the recent period has seen intense negotiations between the Egyptian Oil Minister Tariq Al - Mulla, and Iraqi Oil Minister Jabbar Allaibi "predicting that" the Convention enters into force in a few weeks. " 
He added the Iron, that" Egypt get Iraqi crude since the period by international companies and suppliers, but the intergovernmental agreement between the two countries, given Egypt 's payment facilities, "pointing out that "Basra oil is one of the finest raw materials imported by Egypt." 
Egypt is seeking to import between one million and two million barrels a month from Iraq 's oil, it is scheduled for completion of the agreement during the current quarter of 2017 
and stopped Saudi Aramco , the largest oil company in the world for the supply of Egyptian petroleum substances since last October , despite the existence of an agreement worth $ 23 billion is needed Saudi supply 700 thousand tons per month to Egypt for a period of five years.

[yota691]

Egyptian oil official: Our delegation ends today in Iraq Basrah agreement

 

Monday, February 13, 2017 12:05

 

 

 

 

 

 

 

Alsumaria News / Baghdad ,  said an official at the Egyptian Ministry of Petroleum, on Monday, for the end of the visit of a delegation from his ministry to Iraq today to terminate the agreement to supply Egypt with oil from Basra Iraqi crude.  The site said the "seventh day" news - Masri, in a report, seen by Alsumaria News, "A delegation from the Ministry of Petroleum and Mineral Resources ended on Monday, a visit to the Iraqi capital of Baghdad, which lasted three days, to complete negotiations with the Iraqi side on the agreement on supply Egypt ore Basra , Iraq, and agree on a final draft of the contract. "         He pointed out the location of the Egyptian in his report that "Egypt is seeking to import one million barrels a month from the Iraqi Basra crude to refined Egyptian laboratories, under the current amplitude in Egyptian refineries."  The report quoted the chief executive of the General Authority for Petroleum Tariq al- Hadidi, he said that the "book of the Egyptian delegation to Iraq comes in the context of termination of the agreement with the Iraqi side , " pointing out that " the recent period has seen intense negotiations between Tariq Al - Mulla, Egyptian Minister of Petroleum, Eng Jabbar Luaibi, Iraq 's oil minister , "expected to" the Convention enters into force in a few weeks. "  CEO of the Petroleum Authority said in a statement to " The Seventh Day", that Egypt get Iraqi crude since the period by international companies and suppliers, but the intergovernmental agreement between the two countries, gives Egypt payment facilities , "adding that" Basra is considered one of the finest raw materials imported by Egypt. "  The Saudi Aramco stopped, since the beginning of the month of October / October of last year, for the supply of Egyptian petroleum substances, despite the presence of its value deal at $ 23 billion needed Saudi supply of 700 thousand tons per month to Egypt for five years.  It is worth mentioning that Kuwait supplied in Egypt by about 2 million barrels per month, which is equal to 3.4 million tons of ore, for a period of three years under an agreement between the two countries has been renovated with the beginning of the month of January on the sidelines of the ministers of Arab countries exporting Conference of the Organization of Petroleum "OAPEC" in Cairo.

[The Englishman]

UTILITIES | Tue Feb 14, 2017 | 12:02pm EST

UPDATE 1-Egypt nearing deal with Iraq in search for crude oil imports

 

 

 

•  
•  
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(Adds quotes)

By Lin Noueihed and Eric Knecht

Feb 14 Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said.

Cairo's search for additional crude comes after Saudi Arabia's state oil firm Saudi Aramco halted shipments of oil products to Egypt last year.

The $23 billion Saudi aid deal had included 700,000 tonnes of refined oil products per month for five years. Aramco has never provided a reason for why the deal was halted.

Egypt has turned to the spot market in recent months to make up for the missing products.

The EGPC last month announced it was seeking up to 1.012 million tonnes of gasoil for delivery in February and March compared to around 200,000 tonnes of gasoil per month before the Aramco cutoff.

Egypt has turned to Iraq in search of a longer term solution to make up for the shortfall, and is in talks to import 1 million barrels per month of crude oil from Baghdad, which would then be refined into petroleum products in Egypt.

An Egyptian delegation is set to visit Iraq this month to work out final details.Hadidi said Egypt would look for similar deals with other countries as a way of securing its crude supplies."We are now in the final stages with the Iraqi government and ministry of oil in Iraq to supply 1 million barrels per month, this will be a good way to secure our crude supplies," EGPC's Hadidi told an oil conference in Cairo on Tuesday.

"We are trying to have an agreement with other countries as well..goverment to government deals," he said. (Writing by Asma Alsharif; Editing by Jason Neely and Alexander Smith)

http://www.reuters.com/article/egypt-oil-iraq-idUSL8N1FZ6IX?rpc=401&

[yota691]

Egyptian Petroleum: Import million barrels of Iraq agreement entered its final phase

 

 

Wednesday February 15, 2017 09:04

 

 

 

Alsumaria News / Baghdad  announced that the Egyptian Petroleum Authority, to enter the import agreement million barrels of Iraq 's "final stage."  The chief executive of the General Authority for Petroleum Tariq al- Hadidi, in his speech during the second plenary session within the first day of the event , held the World Petroleum Congress in Cairo from 14 to 16 February , the current, said that " Egypt does not depend on the conclusion of agreements in the energy sector, with many countries the world, to secure the country 's supply of fuel. "       He said the iron, that "Egypt along with domestic production, currently rely on importing fuel from Kuwait , in an extended contract has been determined since the beginning of this year , " stressing that " the agreement with Iraq to import about one million barrels of oil Basra month, enters its final stages . " .  The Iron had announced on 13 February , the current from the end of the visit of a delegation from his ministry to Iraq to terminate the agreement to supply Egypt with oil from Basra Iraqi crude.  The Saudi Aramco, stopped, since the beginning of the month of October / October of last year for the supply of petroleum substances Egypt, despite the existence of an agreement worth $ 23 billion is needed Saudi supply 700 thousand tons per month to Egypt for a period of five years.  It is worth mentioning that Kuwait supplied in Egypt by about 2 million barrels per month, which is equal to 3.4 million tons of ore, for a period of three years under an agreement between the two countries has been renovated with the beginning of the month of January on the sidelines of the ministers of Arab countries Organization of Petroleum Exporting "OAPEC" in Cairo.

[pokerplayer]

Hopefully sales will Increase and be nothing but stronger. Thxs Yota

pp

[yota691]

The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month

 

Thursday February 23, 2017 09:16

 

 

 

Alsumaria News / Baghdad ,  said the Iraqi ambassador in Cairo , Habib al- Sadr, on Thursday, for the end of thesigning of the supply agreement Egypt one million barrels of oil per month, pointing out that the first shipment will arrive in Egypt early next month.  It quoted the Egyptian Al - Ahram newspaper, in its edition on Thursday (February 23, 2017), from the Ambassador of Iraq to Cairo Habib Mohammed Hadi al- Sadr as saying that the Iraqi Oil Marketing Company ( SOMO ) has completed the signing of a contract Egypt 's supply of oil, and sent the Egyptian Ministry of Petroleum for approval.         The newspaper quoted the ambassador as saying , " is expected the arrival of the first shipment to Egypt, the estimated one million barrels per month, early next month."  The ambassador added that he would create a "giant tanks for the storage of Iraqi oil, Egypt to take its oil needs and issues remaining to global markets", in the framework of a project to build two pipelines for oil and gas from the fields of Basra , passing through Jordan .  The head of the Egyptian General Petroleum Corporation Tariq al- Hadidi, said in a February 14, said that Egypt is close to reaching an agreement on the import of crude oil from Iraq, and is looking to conclude similar deals with other countries to manage supplies.  Egypt and are looking for additional sources of imported crude, after Saudi Aramco halted oil product shipments to Egypt last year.  There have been a Saudi aid to Egypt , a deal worth $ 23 billion, including 700 thousand tons of refined petroleum products per month for five years. Aramco did not mention at all the reason to stop the deal.  Egypt has turned to the spot market in recent months to make up for the shortfall.  The Petroleum Authority announced last month that it is seeking to buy up to 1.012 million tons of gas oil, delivered in February, and in March / March, compared with about 200 thousand tons of gas oil a month before Aramco shipments stopped.  Egypt and resorted to Iraq in search of a long - term solution to make up the shortfall.

[yota691]

The end of the signing of the agreement to extend Egypt one million barrels of Iraqi oil a month

 

 

Economy News / Baghdad ...       He said the Iraqi ambassador in Cairo, Habib al-Sadr, on Thursday, for the end of the signing of an agreement to supply Egypt one million barrels of oil per month, pointing out that the first shipment will arrive in Egypt early next month.    Quoted the Egyptian Al-Ahram newspaper, in its edition on Thursday (February 23, 2017), Iraq's ambassador to Cairo, Habib Mohammed Hadi al-Sadr as saying that the Iraqi Oil Marketing Company (SOMO) has completed the signing of a contract Egypt's supply of oil, and sent the Egyptian Ministry of Petroleum for approval.   The newspaper quoted the ambassador as saying, "is expected the arrival of the first shipment to Egypt, the estimated one million barrels per month, early next month."   The ambassador added that he would create a "giant tanks for the storage of Iraqi oil, Egypt to take its oil needs and issues remaining to global markets", in the framework of a project to build two pipelines for oil and gas from the fields of Basra passing through Jordan. The head of the Egyptian General Petroleum Corporation Tariq al-Hadidi, said in a February 14, said that Egypt is close to reaching an agreement on the import of crude oil from Iraq, and is looking to conclude similar deals with other countries to manage supplies.   Egypt and are looking for additional sources of imported crude, after Saudi Aramco halted oil product shipments to Egypt last year.       mm
Views 191   Added 23/02/2017 - 9:38   last updated 23/02/2017 - 13:45   No. Content 6778

[yota691]

Egypt: Implementation of the oil agreement with Iraq in April, despite the resumption of imports of Saudi Arabia

History of edits:: 03.16.2017 13:29 • 5 visits readable

[Oan- up] 
revealed an official source at the Ministry of Petroleum and Mineral Resources in Egypt, for the agreement with the Iraqi side on the supply of one million barrels per month based and will enter into force mid-April next year at the latest. "

The source said in a press statement to [seventh day] that the Egyptian "General Petroleum Corporation ended its negotiations with the Iraqi Ministry of Oil and Sumo Iraq, but left only the completion of some necessary to start supplying shipments regulatory procedures." 
He added, " The Iraqi Egyptian agreement to import oil was not a substitute for Saudi Aramco shipments , which had since October last stopped, before the Saudi Company announces the Egyptian Petroleum Ministry to resume shipments again on Wednesday evening," explaining that "Aramco shipments equivalent about a third of Egypt 's imports of petroleum products. " 
It is said that the Egyptian negotiations with Iraq 's agreement includes the monthly million barrels of Basrah Light for one year , renewable, and affordable payment terms, plus it will be Iraqi oil refinery in the Egyptian refineries. 
General Petroleum Corporation and the Egyptian is seeking to secure Egypt 's needs of fuel through the conclusion of several government agreements to import oil, Egypt and the associated agreement with Kuwait for the supply of two million barrels of crude oil per month to Cairo allow nine months before the beginning of the repayment of the value of shipments period, an agreement that has been renovated beginning of the year ongoing. 
Saudi Arabia was agreed to Egypt 's supply of petroleum products refined by 700 thousand tons per month, for a period of five years, under a deal worth $ 23 billion between Saudi Aramco and the Egyptian General Petroleum Corporation, was signed during an official visit by the king of Saudi Arabia Salman bin Abdul - Aziz of Egypt in April 2016.

[yota691]

16-03-2017 12:55 PM

Saudi Arabia will resume oil exports to Egypt, and an uncertain fate of the agreement with Iraq

 

 

 

Egyptian Ministry of Petroleum said that Saudi state oil firm Aramco will resume the supply of petroleum products to Egypt after nearly six months of stopped abruptly.

An official with the Egyptian Ministry of Petroleum that it is scheduled to be completed to determine the timeframe for receiving shipments Aramco very soon.

It said the Ministry of Petroleum in a statement it was agreed to resume the supply side, Saudi Aramco petroleum products shipments in accordance with the commercial contract signed between the Petroleum Authority and Saudi Aramco currently underway to identify time-bound programs to receive shipments, respectively. "

The official said the ministry, who asked not to be named, told Reuters in a telephone conversation 'during a very short period of time we will be finished determine the dates and places of receiving shipments from Saudi Aramco.

When asked whether this period mean weeks in charge '.. not talking about a very short period of time , he said'. 
Saudi Arabia was agreed in April last year to supply 700 thousand tons of refined oil products to Egypt a month for five years but stopped shipments in October.

Aramco did not provide formal reasons to stop the shipments. 
However , the statement of the Egyptian Petroleum Ministry on Wednesday said the suspension of shipments was a commercial for special circumstances Aramco 'in light of the changes in the global oil market prices over the past period and the establishment of Saudi Arabia by a reduction in the level of its production of oil and coincided with a special periodic maintenance of the refineries work.'

Although officials on both sides have denied the existence of any tensions or disputes between the two countries, but they disagreed on a number of political issues.

In October, Egypt voted for the UN resolution on Syria, Russia supported and opposed by Saudi Arabia ruled out the call to stop the bombardment of Aleppo.

In January, an Egyptian court ruled the invalidity of the signing of the demarcation of the maritime border agreement with Saudi Arabia included the transfer of the islands of Tiran and Sanafir the Red Sea to Saudi Arabia.

Egypt has resorted to the spot market in recent months has also sought to conclude deals to make up the shortfall, it is expected the arrival of crude oil supplies from Iraq in late March in the framework agreement for the supply of one million barrels per month will hopefully be implemented in the coming weeks.

[yota691]

Egypt: Iraq's oil import agreement shall enter into force mid-April

economy

 Since 16/03/2017 13:59 pm (Baghdad time)

 

Baghdad balances News

An official of the Egyptian Ministry of Petroleum and Mineral Resources, the source, for the agreement with the Iraqi side on the supply of one million barrels per month based and will enter into force mid-April at the latest.

The source added that the General Petroleum Corporation ended its negotiations with the Iraqi Ministry of Oil and the Iraqi SOMO, but it was not only the completion of certain regulatory procedures necessary to start supplying shipments left.

The source continued, that the Iraqi Egyptian agreement to import oil was not a substitute for Saudi Aramco shipments, which had been since last October stopped, before the Saudi Company announces the Egyptian Petroleum Ministry to resume shipments again on Wednesday evening, adding that Aramco shipments, equivalent to about one-third Egypt's imports of petroleum products.

It is worth mentioning that the Egyptian negotiations with the Iraqi side agreed to include a monthly million barrels of Basrah Light for one year, renewable, and affordable payment terms, plus it will be Iraqi oil refinery in the Egyptian refineries.

General Petroleum Corporation and seeking to secure Egypt's needs of fuel through the conclusion of several government agreements to import oil, Egypt and the associated agreement with Kuwait for the supply of two million barrels of crude oil per month to Cairo allow nine-month period before the start of the payment of the value of shipments, an agreement that has been renovated beginning of the year ongoing.

Saudi Arabia was agreed to Egypt's supply of petroleum products refined by 700 thousand tons per month, for a period of five years, under a deal worth $ 23 billion between Saudi Aramco and the Egyptian General Petroleum Corporation, was signed during an official visit by Saudi King Salman bin Abdul Aziz of Egypt April 2016.

Under the agreement, Egypt bought a month since May 2016 from Aramco 400 thousand tons of diesel fuel, 200 thousand tons of gasoline and 100 tons of fuel oil, so a credit line interest rate of 2% to be made on 15 Aama.anthy 29 / D 24

[yota691]

Egypt: The oil agreement with Iraq will enter into force very soon

History of edits:: 3/23/2017 11:47 • 106 visits readable

[Oan- up] 
confirmed the Egyptian Minister of Petroleum and Mineral Resources, Tariq al- Mulla, there are no obstacles to the agreement with the Iraqi side to import one million barrels of oil a month crashes.
 

Mulla said in a statement to the [seventh day] - Masri said that " the agreement with the Iraqi side in place, and will come into force very soon." 
He stressed , "we finished the negotiations with the Iraqi Oil Ministry and the Iraqi Oil Corporation, but remains only to agree on some of the supply needed to start shipments organizational and technical measures." 
It includes Iraq 's agreement with the Egyptian side on the export of one million barrels per month of Basrah Light for a period of one year, subject to renewal, and the terms of payment affordable, plus it will be Iraqi crude oil refinery in the Egyptian refineries. 
Al Mulla said , "we were getting for a long time on the Iraqi oil from traders and suppliers of global, but the intergovernmental agreement between the Egyptian General Petroleum Corporation, the Iraqi Oil Corporation Sumo, it would be better for us because it includes conditions soft and payment facilities." 
He Egyptian Petroleum Minister that " the resumption of oil and petroleum product shipments by the company Saudi Aramco, will not disrupt the completion of the agreement with Iraq," adding that " the size of the supplied quantities of the company 's Saudi Arabia, estimated at 700 thousand tons , representing only about 40% of total petroleum substances imported by the country. "

[yota691]

23-03-2017 01:31 PM

Oil agreement between Egypt and Iraq will enter into force very soon

 

 

 

The Minister of Petroleum and Mineral Resources of Egypt, Tarek Al - Mulla, there are no obstacles to the agreement with the Iraqi side to import one million barrels of oil a month crashes. 

Mulla said in a statement to the [seventh day] The Egyptian 'agreement with the Iraqi side in place, and will come into force very soon'. 
The 'finished negotiating with the Iraqi Oil Ministry and the Iraqi Oil Corporation, but remains only to agree on some of the supply needed to start shipments organizational and technical measures'. 

It includes Iraq 's agreement with the Egyptian side on the export of one million barrels per month of Basrah Light for a period of one year, subject to renewal, and the terms of payment affordable, plus it will be Iraqi crude oil refinery in the Egyptian refineries. 
Al Mulla said 'we were getting for a long time on the Iraqi oil from traders and suppliers of global, but the intergovernmental agreement between the Egyptian General Petroleum Corporation, the Iraqi Oil Corporation Sumo, it would be better for us because it includes conditions soft and payment facilities.' 

He Egyptian Minister of Petroleum to 'appeal of oil and petroleum product shipments by the company Saudi Aramco, will not disrupt the completion of the agreement with Iraq,' adding that ' the size of the supplied quantities of the company 's Saudi Arabia, estimated at 700 thousand tons , representing only about 40% of total petroleum substances imported by the country. "

[yota691]

Egypt plans to supply two million barrels of crude per month to Iraq

economy

 Since 04.06.2017 at 12:01 (Baghdad time)

Baghdad balances News

He confirmed the Egyptian Oil Minister Tariq al-Mulla, that there are no obstacles to the agreement with Iraq to supply two million barrels of crude per month, pointing out that the list of negotiations and the contract will be signed next days.

Mulla said in a statement after his meeting with the Iraqi ambassador in Cairo Habib al-Sadr, seen by / scales News /, said that "there are no obstacles to the agreement with Iraq to supply two million barrels of crude per month," asserting that "the negotiations list and the contract will be signed soon."

He added, "We have discussed with the latest developments in the Iraqi side with regard to the signing of the contract," noting "the importance of strategic cooperation between the two countries, which aims to increase the areas of joint cooperation and exchange of experience in various petroleum industries."

He said the Egyptian minister, that "the most important of these industries is a research, exploration and production of oil and natural gas, development and maintenance of infrastructure and the establishment of lines and networks of crude oil and petroleum products and natural gas and the implementation of oil projects transport in addition to the training and qualification of human resources in the petroleum industry" .anthy 29 / A 43