Egypt to receive new Iraqi crude shipment Thursday

The first shipment of Iraqi crude contracted in January will arrive Thursday, Egyptian General Petroleum Company CEO Abed Ezz El-Regal said on Tuesday, Ahram’s Arabic website reported.

The announcement came on the sidelines of Egypt Petroleum Show (EGYPS) which runs from Monday till Wednesday.

The EGPC renewed its contract with Iraq to import crude in January for one year to import 12 million barrels of Iraqi crude.