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Iraq calls Egypt letter of guarantee from a foreign bank to export oil to
Wednesday, May 29, 2013 - 10:55
Engineer Sherif Haddara - Petroleum Minister
Started Najla Kamal
Sources governmental organizations impede negotiations Egypt and Iraq to import Iraqi oil after placing the last harsh conditions for the completion of import operations, where required the Iraqi side letter of guarantee from a foreign bank, ensuring that Egypt's ability to repay import gas in foreign currency, pointing to the stalled negotiations on the last terms of the agreement, and on how to pay. was the credit rating agency International Standard & Poor's has lowered a few days ago the credit rating of Egypt to ccc + / c, due to what it called the continuing pressure on the foreign exchange reserve of the country, and the outlook stable outlook. criticized the source of the demands of Iraq, the presence of speech guarantee from a foreign bank, pointing out that the price requested by the Iraqi side is still being negotiated, especially as they set the price per barrel worth $ 110, while the price ranges to sell between 95 to 97 dollars a barrel. was the source of the Ministry of Petroleum has said in previous statements by him The first shipment of crude Iraq will reach Egypt during the first week of May, in quantities of up to 2 million barrels of crude are refined in laboratories Egypt, where it was agreed to supply 4 million barrels of crude per month on shipments, without roads to determine the price, which he said Pricing is according to market indicators announced by the Iraqi government. source confirmed that negotiations between Egypt and Libya to import large quantities of raw الليبيى, has almost finished, especially with the great facilities of the Libyan side, expecting to sign the agreement within days. , and will import Egypt million barrels monthly crude Libya, as well as 4 million barrels of Iraq, for refining in the laboratories Egyptian and filling local needs them, as well as the marketing part of it from the port of Sidi Kerir on the Mediterranean. and exposed the Egyptian government is currently under pressure to meet the budget deficit, which Adkhmh energy subsidies, which requires the government reduce the deficit to get the loan from the International Monetary Fund worth $ 4.8 billion.
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Wednesday, May 29, 2013 - 10:55
Engineer Sherif Haddara - Petroleum Minister
Started Najla Kamal
Sources governmental organizations impede negotiations Egypt and Iraq to import Iraqi oil after placing the last harsh conditions for the completion of import operations, where required the Iraqi side letter of guarantee from a foreign bank, ensuring that Egypt's ability to repay import gas in foreign currency, pointing to the stalled negotiations on the last terms of the agreement, and on how to pay. was the credit rating agency International Standard & Poor's has lowered a few days ago the credit rating of Egypt to ccc + / c, due to what it called the continuing pressure on the foreign exchange reserve of the country, and the outlook stable outlook. criticized the source of the demands of Iraq, the presence of speech guarantee from a foreign bank, pointing out that the price requested by the Iraqi side is still being negotiated, especially as they set the price per barrel worth $ 110, while the price ranges to sell between 95 to 97 dollars a barrel. was the source of the Ministry of Petroleum has said in previous statements by him The first shipment of crude Iraq will reach Egypt during the first week of May, in quantities of up to 2 million barrels of crude are refined in laboratories Egypt, where it was agreed to supply 4 million barrels of crude per month on shipments, without roads to determine the price, which he said Pricing is according to market indicators announced by the Iraqi government. source confirmed that negotiations between Egypt and Libya to import large quantities of raw الليبيى, has almost finished, especially with the great facilities of the Libyan side, expecting to sign the agreement within days. , and will import Egypt million barrels monthly crude Libya, as well as 4 million barrels of Iraq, for refining in the laboratories Egyptian and filling local needs them, as well as the marketing part of it from the port of Sidi Kerir on the Mediterranean. and exposed the Egyptian government is currently under pressure to meet the budget deficit, which Adkhmh energy subsidies, which requires the government reduce the deficit to get the loan from the International Monetary Fund worth $ 4.8 billion.
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