By John Lee.
Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that Egypt would like to purchase 4 million barrels of Iraqi oil per month, equivalent to about 130,000 bpd.
The Minister, who is accompanying Prime Minister Haider al-Abadi on his visit to Egypt, added that talks on subject are still ongoing.
He said Egypt has asked for payment terms of 270 days, while Iraqi offered 90 days.
(Source: National Iraqi News Agency)