Iran in Talks to Sell Oil to Egypt

Iran is in talks to sell oil to Egypt, officials on both sides say, part of a broader push to make up for lost European Union sales and a renewed engagement between the two countries.

Tehran has approached Cairo to sell 2 million barrels of oil-worth over $200 million-that are part of a stock of unsold Iranian crude stuck in the Egyptian port of Sidi Kerir because of international sanctions against Tehran, one person familiar with the approach said.

Iran in Talks to Sell Oil to Egypt

© 2013 Energy Tribune

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