Egypt Signs Deal To Receive Oil From Iraq Monthly
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Egypt Signs Deal To Receive Oil From Iraq Monthly

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Added by Headlines Africa in Egypt
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Egypt announced it has signed a deal to receive oil from Iraq on a monthly basis starting May. The deal is for 12million barrels of crude oil per year. The country has similar deals with several Arab countries such as Saudi Arabia and Kuwait to cover its monthly needs .Egypt is an importer of oil but it has been a burden on its budget. Yasser Hakim has more

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Tags: Egypt, Economic, Oil

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