Minister of Oil to Saudi Arabia and Iran to promote energy cooperation

Minister of Oil to Saudi Arabia and Iran to promote energy cooperation


Release date: 2017/7/29


Oil Minister Jabbar al-Luaibi will soon start a visit to Saudi Arabia to discuss ways to boost cooperation in the field of energy.
A spokesman for the Ministry of Oil, Assem Jihad, said in a press statement Saturday that the Libyan minister will visit Saudi Arabia soon at a high level, at the invitation of his Saudi counterpart aimed at strengthening relations and cooperation between brothers.
Saudi Oil Minister Khalid al-Faleh visited Baghdad on May 22, where he and his Iraqi counterpart discussed a number of issues, including OPEC's agreement to reduce oil production and maintain prices globally.
In the context of the statement, Minister al-Allaibi said that he will discuss with his Iranian counterpart in Tehran today, "a set of topics and files of common interest including the joint border fields and cooperation in the sectors of liquidation, gas, energy, investment, training, oil projects, infrastructure and other topics of common interest, That relations with neighboring countries and Arab countries have witnessed in the last few years a significant positive development, including the signing of a set of memoranda of understanding and cooperation with Jordan, Egypt, Kuwait, Saudi Arabia, Iran and others.
"Iraq is keen to strengthen bilateral relations with neighboring countries and increase the volume of cooperation in all fields, including the oil and gas sector and energy through the conclusion of agreements or memorandums of understanding in order to strengthen the state of economic integration between them and achieve the objectives and common interests of the States of the region and contribute to the strengthening of economic and political stability Security ".
A source in the Iranian Oil Ministry said earlier today that "the Iraqi oil minister will visit Tehran today to meet with his Iranian counterpart, Begin Zangane, and discuss the latest developments in the oil market and joint oil projects between Iran and Iraq, the most important discussion of the development of gas transportation project from Iran to The cities of Basra and Baghdad. "
The two countries signed a memorandum on the export of gas from the Iranian side to Iraq in 2009, and later turned the memorandum to an agreement that provided Iran to export between 20 and 25 million cubic meters of gas to Iraq.
In October last year a second agreement was signed on the export of Iranian gas to Iraq, and it was agreed to transfer from 25 to 40 million cubic meters of gas to secure the fuel station "Shatt al-Basra."
After intensive talks in late 2016, the two sides reached an agreement to launch the pipeline.

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