Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018, Iraqi commercial attaché to Egypt Hider Nori Gabr has said, according to Al Mal.
The cargo is part of an agreement originally signed in 2017 and renewed in January 2018 in which Egypt receives 12 million barrels of Iraqi crude throughout the year. Iraq shipped a couple of 2-million-barrel-cargoes to Egypt in February and April 2018.
The fourth cargo of the current year will be received in July, an anonymous source told Al Mal.
The source added that there are no updates about whether the contract will be renewed next year.
The contract was signed by the Egyptian General Petroleum Corporation (EGPC), Alexandria Mineral Oils (AMOC), the Middle East Oil Refinery (Midor), and the Iraqi State Organization for Marketing of Oil (SOMO).
Midor refines the Iraqi crude, and all the petrochemical products are allocated to the Egyptian domestic market.