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Al-Faleh: We are optimistic about a promising future for Iraqi-Saudi economic relations
06/12/2017 12:00 am [rtl]On the sidelines of the Basra oil and gas exhibition Baghdad / morning revealed the Saudi Minister of Energy and Industry Khalid Al-Faleh, the intention of his country to sign 18 memorandums of understanding in the field of energy and oil sector with Iraq. "We have 18 memorandums of understanding signed with Iraq, which is the first and the beginning of agreements and partnerships will be between the two sectors and will start to other sectors after our previous visit to Baghdad got investment projects and what is only the beginning," Al-Faleh said on the sidelines of his meeting with Oil Minister Abdul Jabbar Ali Al- . "The future of relations between the two countries bodes well and is very optimistic." For his part, al-Allaibi said that "Al-Faleh had an active role in moving economic relations between the two countries and we see now the fruits of these good efforts, Chairman of the Joint Saudi-Saudi Chamber of Commerce and Industry Firas Al-Hamdani said: "We look forward to effective economic cooperation that achieves great economic benefit for the two countries, especially with the great desire of the two governments to strengthen relations, especially economic ones. Is working on the establishment of major strategic projects to do production in Iraq. " He pointed out "the possibility of achieving integration in economic relations between the two countries with the availability of the fundamentals of economic development and the ownership of Saudi companies manufacturing capabilities in more than an industrial joint that can be used to serve the national economy." The Saudi Minister of Energy and Industry Khalid Al-Falih arrived in Basra on Monday evening to participate in the activities of the Basra International Oil and Gas Fair in its seventh session. The Basra province witnessed the launch of the conference and exhibition of oil and international gas in its seventh edition in the presence of Saudi Energy Minister Khalid Al-Falih with the participation of dozens of Iraqi, Arab and foreign companies. "Cooperation with Iraq is a strategic direction with great interest and support from King Salman bin Abdul Aziz and Crown Prince Mohammed bin Salman, who believe that the stability and development of Iraq is also the stability of the Kingdom," he said in a speech at the ceremony. Accelerate the development of the relationship between the two brotherly countries. " He stressed that the best proof of the insistence of the two countries for the success of their strategic partnership is the formation of the Saudi-Iraqi Coordination Council, which was held in Riyadh in the presence of Saudi King Salman bin Abdul Aziz and Iraqi Prime Minister Haider Abadi, where he stressed that he will personally follow the work of that Council in the interest of the growth and renaissance and stability of Iraq Humanitarian, political, security and economic. Al-Faleh praised the regular meetings between the two countries and the visit of officials from both sides, especially the visit of Oil Minister Jabbar al-Luaibi, accompanied by a high-level delegation from the Iraqi oil sector to the Kingdom, pointing out that one of the most important examples of success and effectiveness of cooperation between the two countries is their investment of the weight and political prestige they enjoy regionally and globally, The most prominent poles of the international oil industry in the efforts to support and stabilize the oil market during the past period and achieve great coordination between the oil producing state, whether from OPEC or from outside. Al-Falih expressed his confidence that the continuation of cooperation and solidarity would add more achievements, stability and balance to the oil market because of its advantages to consumers and producers, especially Iraq and Saudi Arabia and their people, especially that the opportunities are unlimited in cooperation in the field of oil markets. The field of oil and gas industry and services, exploitation of renewable energy sources and cooperation in the field of market opening and export development for Saudi Arabia and Iraq.[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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