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Egypt seeks to replace the debt with interest amounting to two billion Iraqi oil

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dealerdean


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Tomorrow's Press / Baghdad: The Ministry of Foreign Affairs, on Tuesday, it seeks to activate the new Iraqi agreement on replacing the Egyptian oil-for-debt amounting to Iraq with the benefits of more than two billion dinars.

A statement by the Egyptian Foreign seen by "tomorrow Press" that "the current Egyptian government is seeking to complete agreements with Iraq, which has at the time of the Egyptian Prime Minister Essam Sharaf in this regard for the replacement of remittances yellow oil."

He noted that "the agreement was between Iraq and Egypt provides Egypt's access to Petroleum Iraqis instead of Egyptian debts on Iraq, which amounts to one billion seven hundred million dollars." and "The bilateral agreement provides for extinguishing debt for the payment of oil are accrued for 408 million dollars of remittances Yellow It Amounts owed ​​to Egyptian workers who have worked in Iraq, in addition to the 236 commercial debt and $ 524 million warship dues, and $ 540 million in interest payments for the above. "



And Iraq had already agreed with Egypt in March 2013 to pay about $ 60 million dues pension rights of Egyptian workers who left Iraq after 1990.

The Egyptian economic delegation visited Iraq a major early March 2013, chaired by Egyptian Prime Minister Hisham Qandil and meetings of political and economic agreement was reached by which the development of economic relations and activating the agreements and memoranda of cooperation between them
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