The Iraqi Trade Ministry has reportedly signed a contract with the Egyptian company Arma for the purchase of 25,000 tons of vegetable oil.
Hashem Hatam, the Foreign economic relations chief at the ministry, told AKnews that the oil will be distributed to civilians through the food rationing program.
The quantity is sufficient for only three months, so the ministry has therefore turned to Turkish and Argentinean companies for the rest of the oil.
The first shipment is due to arrive at the port of Umm Qasr on 23rd February.
Hatam added that the ministry has invited all Egyptian companies engaged in the production of oil and sugar to visit Iraq to confirm their investment prospects and participate in bids to supply the food rationing program.