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Oil & Gas

Iraq loads first Egypt-bound crude cargo under new deal

Posted: May 7, 2017 at 5:33 pm   /   by   /   comments (0)

CrudeIraq’s oil ministry said on Thursday it had started loading a tanker with 2 million barrels of crude oil bound for Egypt, marking the first shipment under a bilateral agreement. Under a one-year agreement reached last month between Iraq and Egypt, Iraq will sell 12 million barrels of oil to Egypt, the ministry said.

(Source: Reuters)

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