A strategic partnership between Egypt, Iraq, and Jordan could extend oil and gas pipelines from Iraq's Al-Basra Oil Terminal to Jordan, through the Port of Aqaba port and on to Egypt, said Iraq’s ambassador to Egypt Habib Al Sadr on Monday. The proposal is part of a string of agreements which include Iraq sending its first shipment of oil to Egypt in March. Al Sadr said a third project is in the works where Iraq would supply Cairo with crude oil for refining before it is delivered back to Iraq as oil products, Ahram Online reports.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…