The "fifth" round of Iraqi-Saudi talks on the Gulf electrical connection
This was mentioned by the Iraqi Oil Ministry in a statement received by Shafak News Agency, and quoted the Minister of Oil, head of the Iraqi delegation, as stressing the importance of cooperation and economic integration with Saudi Arabia, especially in the oil, energy and manufacturing sectors.
The head of the Iraqi Committee, Minister of Oil, Ihsan Abdul-Jabbar Ismail, said, according to the statement, that bilateral relations are witnessing a great development in all fields, and we have seen the brothers' keenness to speed up the implementation of the axes that are agreed upon in the energy and industry sectors within the program of the Iraqi-Saudi Committee.
Ismail indicated that one of the most prominent topics that were addressed in the committee’s agenda was discussing the possibility of participating and investing in developing a number of fields with gaseous hydrocarbon compositions, contributing to the Nibras Petrochemical Industries Project, the Gulf Electricity Interconnection Project, and studying the establishment of industrial cities and others, indicating that the meeting came out. Recommendations stressing the acceleration of the implementation of these projects.
Meanwhile, Saudi Energy Minister Abdulaziz bin Salman stressed, according to the statement, the Kingdom's keenness to enhance prospects for bilateral cooperation between the two countries to serve common interests, pointing to the desire of Saudi national companies to contribute to the implementation of a number of investment projects supporting the energy sector and manufacturing industries in Iraq.
The Saudi minister stressed that the committee had made important strides in studying the technical, administrative, investment and executive aspects of the most important investment projects that were included in the agenda, stressing the Kingdom's support for the brothers in Iraq in all fields.
For his part, the Iraqi Minister of Electricity and Agency, Adel Karim, stressed the importance of the Iraqi-Gulf electrical connection, and his ministry's readiness to provide all technical capabilities to implement this project, which contributes to covering an important part of Iraq's need.
Karim said, "We have gone a long way in discussions in order to finalize the formula and sign the contract within the next few period."
Karim revealed the imminent signing of the agreement with the Saudi company "Aqua Power" to implement the investment project to generate (1,000) megawatts of solar energy in Najaf Governorate.
Meanwhile, Iraqi Minister of Industry Manhal Aziz stressed the importance of implementing the Nibras Chemical Industries project in cooperation with Shell International and national and Arab companies willing to invest, and the future prospects for this project, which makes Iraq among the leading countries in this industry.
For her part, the head of the Iraqi National Investment Commission, Suha Daoud Najjar, welcomed Saudi investments in Iraq, especially in the energy sector and manufacturing industries, indicating that the authority is working to encourage joint investments through the facilities provided and overcoming administrative and technical obstacles.
Al-Najjar indicated that the authority succeeded in assisting the concerned ministries in concluding agreements and referring to their implementation, which contribute to supporting and strengthening the national economy.
It is noteworthy that the Iraqi-Saudi Committee for Energy and Manufacturing Industries holds its periodic meetings, and includes the ministries of Oil, Electricity and Industry and the National Investment Commission.
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