Iraq renewed a contract with Egypt to supply 12 million barrels of crude oil for one year, Iraq's Ministry of Oil announced on Monday.
The Iraqi Ministry of Oil and the Egyptian Ministry of Petroleum agreed to renew the agreement starting from January 2018, which will be based on the same conditions as the former deal, Asim Jihad, spokesman of the Iraqi Oil Ministry, was quoted as saying.
The agreement is a part of Iraq and Egypt's efforts to deepen bilateral relations and to expand mutual cooperation, he noted.
The two countries reached a deal in late 2016 for Iraq to export 12 million barrels of oil to Egypt.
(Anadolu Agency)
