Egypt has "no objection" to Iranian crude imports
Egypt has "no objection" to importing and refining Iranian oil, Oil Minister Osama Kamal said, Bloomberg reported referring to the state-run Al-Ahram newspaper.
Kamal said he believed that President Mohamed Mursi's recent
visit to Iran would open doors for economic cooperation between the
two countries, the Cairo-based daily reported.
Egypt's president Mursi has participated at the 16th NAM
(Non-Aligned Movement) summit in Tehran a few days ago. He was the
fist Egyptian president since 1979 who visited Iran.
Mursi also handed over the Non-Aligned Movement presidency to
Iranian President Mahmoud Ahmadinejad during a ceremony at the
summit. Iran will from now on serve as NAM head for three
years.
Iranian crude exports have been dropping steadily this year due to
numerous imposed U.S. and European sanctions. Islamic Republic's
supply rose by 50,000 bpd in August, according to the survey, to
2.85 million bpd, Reuters reported.
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