Iraq loading first crude oil cargo for Egypt under new deal

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Thu, 04 May 2017 - 11:47 GMT

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Thu, 04 May 2017 - 11:47 GMT

Petroleum Minister Tarek el-Molla - (Archive)

Petroleum Minister Tarek el-Molla - (Archive)

CAIRO - 4 May 2017: Iraq'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.

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