Electricity issued a statement on the agreement of electric connection with Saudi Arabia
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The Ministry of Electricity issued a statement on Friday on the memorandum of understanding reached with the Saudi side on cooperation in the field of electric energy between the two countries.
The ministry said in a statement received by "the Economy News" a copy of it, "The Iraqi Ministry of Electricity Luay Khatib, concluded in Baghdad on Thursday (April 4, 2019), minutes meeting with Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdul Aziz Al-Faleh, In the field of electric power between the two countries, in preparation for the conclusion of a memorandum of understanding in the Kingdom of Saudi Arabia during the coming period. "
The ministry said in a statement that "the Iraqi and Saudi delegations met under the chairmanship of the ministers of the two countries. The minutes of the meeting were concluded after the two sides affirmed that this agreement contributes to achieving the objectives of establishing the Iraqi-Saudi Coordination Council. Electricity and strengthening the bonds of friendship between the two countries. "
The report pointed out that "many of the paragraphs that will be included in the memorandum of understanding, first and foremost, the electric connection between the two countries, and the development of the energy market, and urged Saudi factories and companies working in the field of electric power to cooperate with the Iraqi side to cover the demand of equipment and electrical products, Investment and participation in financing the projects of generation, transmission and distribution of electrical energy (renewable and traditional) in Iraq, as well as cooperation in the field of research and studies related to the electricity industry, and exchange of information, data and studies related to raising the efficiency of the use of electric energy And the rationalization of consumption, as well as the development of human resources through training and exchange of experiences. "