Iraq Confirms Oil Sales to Egypt

By John Lee.

Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani (pictured), has confirmed that 4 million barrels of crude oil per month is to be will be shipped to Egypt from next April.

Speaking to Associated Press, al-Shahristani did not say whether Iraq will sell at preferential prices, as it does with neighbouring Jordan.

Egypt is short of funds to purchase fuel, and a shortage of diesel in particular is causing problems and feeding anti-government sentiment.

(Source: Associated Press)

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