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Iraq conclude an agreement with Egypt and Jordan for providing oil and gas

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Rocky


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Iraq conclude an agreement with Egypt and Jordan for providing oil and gas




11/17/15



BAGHDAD / Sky Press, said the Egyptian Ministry of Petroleum, the oil minister Mullah Tariq signed a memorandum of understanding with Iraq and Jordan under which Baghdad supplied Jordan and Egypt oil and gas materials.
Mulla said in a press statement published by Reuters, and seen by "Sky Press," it was agreed "to provide Jordan and Egypt surplus of crude oil and natural gas in Iraq as well as the export of Iraqi gas through Jordan and Egypt through the Arab Gas Pipeline. There is the availability of excess capacity of oil Iraqi crude and gas. "
The statement did not specify the target quantities obtained from Iraq.
Egypt relies heavily on gas in power plants used by homes and factories.
Mulla said he also was agreed to "study the appropriate mechanism for the export of Iraqi crude oil to Egypt and Jordan through the implementation of modern pipeline project to Aqaba."
Egypt and suffer from high energy bills because of the large fuel subsidies around the country who's approaching a population of 90 million people from a net energy exporter to a net importer of her during the past few years.

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