Published January 13, 2015
Iraq's top energy official says his country will sell crude oil to Egypt starting from next April.
Deputy Prime Minister Hussain al-Shahristani told The Associated Press on Tuesday that 4 million barrels will be shipped to Egypt per month.
Al-Shahristani declined to state whether Iraq will sell its crude at preferential prices, as it does with neighboring Jordan.
Egypt is short of funds to purchase fuel. A shortage of diesel in particular is adding to its economic woes and feeding anti-government sentiment.
Iraq sits atop of 143.1 billion barrels of proven oil reserves. Its daily oil production has increased remarkably since 2009, to over 3 million barrels a day from around 2.4 million barrels a day, with the help of the handful of international oil companies working there.
https://www.foxnews.com/world/iraq-to-sell-4-million-barrels-of-oil-per-month-to-egypt-starting-next-april-says-official