Iraqi Ambassador to Egypt, Habib Al Sadr, announced that his country’s government is studying the establishment of a new oil pipeline connecting Iraq to Egypt, passing through Jordan, Al Ahram Newspaper reported.
Al Sadr’s announcement came during the press conference organized by the Arab Investors Union in cooperation with the National Council for Women, around the “Arab – African Investment through Continuous Sustainable Development” conference and exhibition, which will be held from March 12th to March 17th, 2018.
Egypt was reported to receive 12 million barrels of Iraqi crude oil throughout 2018, under the same condition of the 2017 agreement between the two countries, Iraqi Oil Ministry spokesman, Assem Jihad, officially stated.
The crude will be supplied in six 2-million barrels cargoes every two months starting this January, an official at the Egyptian General Petroleum Corporation (EGPC) told Reuters anonymously. Egypt signed the original agreement with Iraq in April 2017.