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| 02 May, 2017

Egypt to receive first Iraqi crude shipment on May 12

EGPC signed two weeks earlier with Iraq a deal to import a total of 12m barrels of crude oil for one renewable year

Flames emerge from a pipeline at Basra refinery in Basra province, . REUTERS/Essam Al-Sudani

Flames emerge from a pipeline at Basra refinery in Basra province, . REUTERS/Essam Al-Sudani

REUTERS/Essam Al-Sudani
02 May 2017
By Mahmoud Shaaban 

Egypt will start receiving the first Iraqi crude oil shipments of 2 million barrels on May 12, the country’s Ministry of Petroleum announced Monday.

Egypt's state oil company EGPC signed two weeks earlier with Iraq a deal to import a total of 12 million barrels of crude oil for one renewable year i.e. 2 million barrels per month from Basra, which would then be refined into petroleum products in Egypt.

© Amwal Alghad 2017