Iraq Renews Oil Export Contract with Egypt

By John Lee.

Iraq's cabinet has approved the recommendation of the Energy Ministerial Council regarding the renewal of the contract to supply the Egyptian General Petroleum Corporation (EGPC) with oil.

The contract will involve the supply of four million barrels of Basra medium crude oil, with two million barrels for June and another two million barrels for August.

Terms will remain the same as previously applicable.

(Source: Iraqi Cabinet)

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