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Official: Iraq agreed to supply 4 million barrels of oil per month for Egypt facilities
12:55: 01/18/2015
Khandan - An official in the Egyptian Ministry of Petroleum, announced that Iraq had agreed to Egypt's request to supply 4 million barrels of crude oil per month facilities currently under negotiation between the two countries. The Egyptian official, who requested anonymity, told the agency "Anatolia" that these quantities equivalent to about 133 thousand barrels per day, which will contribute to providing a great deal of Egypt's needs of crude oil. The official, that Egypt has asked Iraq credit facilities to settle on a similar agreement signed with Kuwait, allowing Egypt to pay for shipping after 9 months of receiving it, but Iraq's request to reduce the allowed consistent with the financial needs time. fought Egypt negotiations with Iraq to import 4 million barrels of oil in 2013, but the negotiations have stalled over demands by the Government of Iraq at the time of their Egyptian counterparts to provide some of the credit requirements on the value of shipments. The Kuwait Petroleum Corporation Currently the supply of three million barrels of crude per month, in addition to the 1.2 million tons of diesel per year and 120 thousand tons of jet fuel annually Egyptian Petroleum Authority facilities in repayment.Petroleum Ministry official said that given the magnitude of the contracted volumes, which up to four million barrels per month, it is logical that Egypt gets payment facilities.
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12:55: 01/18/2015
Khandan - An official in the Egyptian Ministry of Petroleum, announced that Iraq had agreed to Egypt's request to supply 4 million barrels of crude oil per month facilities currently under negotiation between the two countries. The Egyptian official, who requested anonymity, told the agency "Anatolia" that these quantities equivalent to about 133 thousand barrels per day, which will contribute to providing a great deal of Egypt's needs of crude oil. The official, that Egypt has asked Iraq credit facilities to settle on a similar agreement signed with Kuwait, allowing Egypt to pay for shipping after 9 months of receiving it, but Iraq's request to reduce the allowed consistent with the financial needs time. fought Egypt negotiations with Iraq to import 4 million barrels of oil in 2013, but the negotiations have stalled over demands by the Government of Iraq at the time of their Egyptian counterparts to provide some of the credit requirements on the value of shipments. The Kuwait Petroleum Corporation Currently the supply of three million barrels of crude per month, in addition to the 1.2 million tons of diesel per year and 120 thousand tons of jet fuel annually Egyptian Petroleum Authority facilities in repayment.Petroleum Ministry official said that given the magnitude of the contracted volumes, which up to four million barrels per month, it is logical that Egypt gets payment facilities.
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