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Egypt seeks to import crude directly from Iraq


CAIRO(Reuters)--Egypt's petroleum minister Tarek Elmolla said his country was seeking to reach and agreement with Iraq over importing crude oil directly and that he hoped to finalize the deal by the first quarter of 2017.
El Molla told reporters on the sidelines of a meeting of the Organization of Arab Petroleum Exporting Countries(OAPEC) that Egypt aims to import between 1 million and 2 million barrels per month from Iraq.
"We are seeking to directly import crude oil from Iraq. We already use Iraqi oil but we get it from International markets but we hope to have a direct government to government agreement,"El Molla said.