Report: Iran in talks with Egypt to unload oil stockpiles

ByJPOST.COM STAFF
September 10, 2012 21:34




Iran is in talks to sell its excess oil to Egypt, the Wall Street Journal reported Monday, as the countries stockpiles continue to grow due to Western embargoes.

According to the report, Tehran approached Cairo to sell two million barrels of oil, worth over $200 million, and that negotiations over the deal are ongoing. "Between Iran and Egypt, there is some discussion," the Journal quoted an unnamed official in Tehran as saying. "There is the idea they [will] import some oil from Iran."

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