Egypt will receive its second crude oil shipment from Iraq in two weeks, an official at the Egyptian General Petroleum Corporation told Daily News Egypt.

Egypt and Iraq activated a contract earlier in 2018 that will see Iraq ship 2 million barrels of crude oil from Basra every two months of the year with soft payment terms and a 90-day grace period.

Iraq will supply Egypt with a total of 12 million barrels over the year.

Egypt received the first shipment in February 2018.

“This agreement comes within the framework of strengthening relations between the two countries and their keenness to expand the horizons of bilateral cooperation,” Iraqi oil ministry spokesman Assem Jihad stated in January 2018, according to Middle East Monitor.