Iraq renewed a contract with Egypt to
supply 12 million barrels of crude oil for one year, Iraq's Ministry of
Oil announced on Monday.
The Iraqi
Ministry of Oil and the Egyptian Ministry of Petroleum agreed to renew
the agreement starting from January 2018, which will be based on the
same conditions as the former deal, Asim Jihad, spokesman of the Iraqi
Oil Ministry, was quoted as saying.
The agreement is a part of Iraq and Egypt's efforts to deepen bilateral relations and to expand mutual cooperation, he noted.
The two countries reached a deal in late 2016 for Iraq to export 12 million barrels of oil to Egypt.
(Anadolu Agency)