Egypt plans to renew Iraqi crude import contract for another year

[Wiljor]

Iraq, January 12, 2017 

Iraq will begin exporting a monthly one million barrels of petroleum per day to Egypt as per an agreement reached two weeks ago, Iraqi ambassador to Cairo, Habib al-Sadr, said Wednesday.

Speaking to Egypt’s state-run agency MENA, al-Sadr said the light oil exports from Basra fields are open to increase with facilitated payment terms.

The agreement involves extending an oil pipeline from Iraq to Egypt via Jordan.

Petroleum exports from Iraq’s southern outlets soared to 3.510 million barrels per day in December, an unprecedented rate for central and southern export spots, according to a statement on Monday by the oil ministry.

In December, Iraqi petroleum minister Ali al-Luiabi met with the heads of major oil and natural gas companies in Cairo, inviting them to contribute to developing the industry in his country.

Iraq, which maintains the world’s second largest reserve after Saudi Ar Arabia, pledged to cut 210.000 barrels a day to 4.35 million barrels starting January in line with an historic OPEC members agreement reached in a Vienna meeting in December.

iraqinews

http://iraqdailyjournal.com/story-z14604853

[ggdog60]

Thanks, Wiljor!

[tigergorzow]

Wiljor Thanks,  Iraq stepped up to the plate while Saudi Arabia lost out to Egypt.   GO IRAQ!!

7 hours ago, Wiljor said:

Iraq will begin exporting a monthly one million barrels of petroleum per day to Egypt as per an agreement reached two weeks ago, Iraqi ambassador to Cairo, Habib al-Sadr, said Wednesday.

Always keeping the faith!!

GO RV!!

[jeepguy]

9 hours ago, Wiljor said:

The agreement involves extending an oil pipeline from Iraq to Egypt via Jordan.

will they pay Iraq in dollars or Egyptian currency ? , or dinars ?  

[Laid Back]

This means more pressure over the federal government and the provinces to get the HCL done.!

Go Oil production 

Go HCL

Go sharing

[Wiljor]

9 minutes ago, jeepguy said:

will they pay Iraq in dollars or Egyptian currency ? , or dinars ?  

The truth is still out on that one my friend but hopefully   we will know for sure 

[SnowGlobe7]

40 minutes ago, jeepguy said:

will they pay Iraq in dollars or Egyptian currency ? , or dinars ?  

i hear ya.this was exactly my thought!!!!!

[SnowGlobe7]

31 minutes ago, Wiljor said:

The truth is still out on that one my friend but hopefully   we will know for sure 

i hope so!!!! this could be telling!!

[ChuckFinley]

With all this international business you think they would want to us their currency.     it is coming.  

[jg1]

Go HCL. Any day now, pop goes the champagne.

[sandfly]

Thanks 

[yota691]

Egypt plans to renew Iraqi crude import contract for another year

 

Economy News _ Baghdad Egypt plans to renew its contract to import Iraqi crude for another year and the same quantities, Egyptian Oil Minister Tariq al-Mulla said on Tuesday. Egypt  had said it would import 12 million barrels of Iraqi crude oil by 2018 , Egypt's oil minister Tariq al-Mulla said on Tuesday . Number of Views 8   Date Added 05/02/2019

[yota691]

Egypt plans to renew Iraqi crude import contract for another year

12:20 - 05/02/2019

 

 

 

Follow - up - balances News 
Egyptian Oil Minister Tariq al- Mulla said on Tuesday that Egypt plans to renew the import of Iraqi crude for another year contract and with the same Alkmyat.bhsp Rotarz 
Egypt has said it will import 12 million barrels of Iraqi crude oil over the 2018.anthy 29 / p

[yota691]

Egypt plans to renew crude oil import contract from Iraq

Archived

 05 Feb 2019 02:08 PM

CAIRO (Reuters) - Egypt plans to renew its contract to import Iraqi crude for another year, the minister said.

Tariq Al-Mulla said at a press conference held on Tuesday that the next week will announce the results of the bidding auction put forward by the Egyptian General Petroleum Authority, followed by the announcement of a bid for exploration in the Red Sea, according to Reuters.

Egypt said it would import 12 million barrels of Iraqi crude oil by 2018.

It is noteworthy that the Egyptian General Petroleum Authority signed an agreement with the Iraqi Oil Marketing Company (SOMO) in 2017 to import 12 million barrels of Basra crude to be refined by the Egyptian laboratories.

[Butifldrm]

 

Economy
After Jordan .. Egypt announces the success of a contract to import Iraqi oil

 

 Twilight News    

 

 2 hours ago

 

 

Egypt's Minister of Petroleum and Mineral Resources Tariq Al-Mulla announced that his country succeeded in renewing contracts for the import of crude oil from Iraq for two years in the same quantities. 
The supply of oil is expected to begin soon by 6 shipments, one million barrels of crude oil. 
Egypt reached an agreement with Iraq in April 2017, under which Baghdad sells 12 million barrels of oil to Egypt for a year. 
The Minister of Petroleum and Mineral Resources made the remarks during a press conference on the launching of the third edition of the International Petroleum Conference and Exhibition. 
Jordan has also announced an oil deal with Iraq to buy 10,000 barrels of crude oil per day at $ 16 per barrel.

 

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/10374dd9-b349-48a0-8871-4ed7725dfd3e

[yota691]

After Jordan .. Egypt is heading to Iraqi oil

Editorial date: 2019/2/6 9:08 • 644 times read

The Minister of Petroleum and Mineral Resources Tariq Al-Mulla said that his country is in the process of renewing the agreement for the import of crude oil from Iraq, by one million barrels per month, during 2019, which is the quantity agreed in 2018.

He added "Mullah" in statements reported by the official Egyptian news agency, on Tuesday, that the goal of renewing the agreement with Iraq is to arrange supplies for domestic consumption. 
In 2017, Egypt agreed to buy 12 million barrels of oil per year from Iraq under an agreement reached by the governments of the two countries at the end of 2016. 
Iraq, Egypt and Jordan have an agreement to build an oil pipeline from the Basra fields to the southernmost port of Aqaba. 
Egypt announced in February 2018 that it aims to increase production of crude oil by 38.4 percent to 900 thousand barrels per day by the end of 2018, compared to 650 thousand a day then. 
It is noteworthy that Iraq and Jordan agreed recently to provide the last Iraqi crude oil by 10 thousand barrels per day by trucks from the fields of Kirkuk on the basis of average price of Brent crude monthly minus $ 16 per barrel is the difference in cost and specification teams.

[Butifldrm]

Egypt seeks to renew crude oil import agreement from Iraq

    

CAIRO - Iran is in the process of renewing the agreement to import crude oil from Iraq by 1 million barrels per month in 2019, the same amount agreed in 2018, Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla said.

 

He added, "Mullah", in statements reported by the official Egyptian news agency, the goal of renewing the agreement with Iraq is to measure supplies for domestic consumption.

 

In 2017, Egypt agreed to buy 12 million barrels of oil per year from Iraq under an agreement reached by the two governments in late 2016.

 

Iraq, Egypt and Jordan have an agreement to build an oil pipeline from Basra to the southernmost port of Aqaba.

 

Egypt announced in February 2018 that it aims to increase its production of crude oil by 38.4 percent to 900 thousand barrels per day by the end of 2018, compared to 650 thousand a day then.

https://www.iraqpressagency.com/مصر-تسعى-لتجديد-اتفاق-استيراد-النفط-ا/