Egypt demands Iraq to reduce Crude Oil Barrel price

(IraqiNews.com) The Egyptian Ministry of Oil and Mineral Resources announced “Submitting a request to the Iraqi Government to reduce the price of the Oil barrel after singing the convention between Iraq and Egypt to refine four million Oil barrels at the Egyptian refineries monthly.”The Egyptian Minister of Oil, Osama Kamal, reported in press statement to IraqiNews.com “We have submitted a request to the Iraqi Government to reduce the price of the crude Oil barrels which are supposed to be refined in the Egyptian refineries,” noting that “The Government promised to consider the request and to respond to it.””Iraq and Egypt are preparing to implement the Oil convention as soon as possible and it is more likely to be activated in April, 2013,” he added \END\