Expert: Saudi investment in the oil sector is a step to develop the Iraqi economy
An oil expert welcomed the Saudi initiative to enter the investment market in the Iraqi oil sector, describing it as a positive step that helps develop Iraqi economic capabilities and opens new horizons with the Gulf basin countries. "The normalization of relations with Saudi Arabia opens new horizons towards the development of the economic capabilities of Iraq, especially since Saudi Arabia has extensive and global experience in the oil and gas sectors,"
said expert [url=https://www.thebaghdadpost.com/ar/Story/t/97436/%D8%A8%D9%8A%D9%88%D8%A7%D8%B1 %D8%AE%D9%86%D8%B3][size=13]Pewar Khons[/url] in a press statement.
Khons said: "The success of the initiative enables Iraq to fill the gaps in the oil sector and the problems it suffers in terms of extraction and export."
The expert pointed out: "There is a project being studied to export oil pipeline through Saudi Arabia, about one million and 500 thousand barrels per day to reduce the pressure on the Gulf Basin and diversify ways of exporting crude across different countries," stressing: "This step is positive for Iraq and will raise the economy By investing the energy file properly. "
[You must be registered and logged in to see this link.]