Iraqi Ambassador to Cairo Habib al-Sadr said an agreement has been signed to export one million barrels of Basra’s light oil to Egypt on a monthly basis. Speaking to the official MENA news agency, Sadr added that the number of barrels could be increased later through facilitated payment methods. “We highly appreciate Egypt’s support to Iraq on the regional side and its war against terrorism on the international side. Sadr added that the ties between Iraq and Egypt extend to more than 4,000 years BCE, adding that cooperation between the two countries is natural and is now being developed in all fields. Developing ties with Egypt, he explained, is not a matter of exploiting chances as some rumor; rather, it is a question of strategic ties and options.
Source: Egypt Independent January 11, 2017 13:37 UTC