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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraqi-Saudi negotiations to launch major energy investments

    Rocky
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    • Post n°1

    Iraqi-Saudi negotiations to launch major energy investments Empty Iraqi-Saudi negotiations to launch major energy investments

    Post by Rocky Mon 01 Nov 2021, 5:46 am

    [size=52]Iraqi-Saudi negotiations to launch major energy investments[/size]

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     Baghdad: Saad Al-Sammak

    The head of the Iraqi negotiating delegation to the (Iraqi-Saudi Committee for Energy and Manufacturing), Minister of Oil Ihsan Abdul-Jabbar Ismail, revealed that Iraq intends to sign huge contracts with Saudi Arabia before the end of the current government’s term, to participate in investment in the gas, alternative energy, water and petrochemical industries, indicating that those Investments are estimated at tens of billions of dollars across the country.
    He stressed that "the Kingdom of Saudi Arabia sees that the sustainable development plans in the two countries are in line in recent years with the (Sustainable Millennium Development Plan for 2030) and its institutional frameworks in the two countries and the Arab region, as two oil countries that top the list of crude oil exporters in global markets."
    The Minister of Oil and Chairman of the National Oil Company announced that “Iraq is negotiating with the global oil production giant (Aramco), to enter it as a partner in contracts for exploration and investment of free gas in the new fields in the Western Desert,” noting that “the results of those negotiations are being studied by experts from the two countries for the agreement.” A draft of long contracts that satisfies the aspirations and interests of the two countries.”
    He pointed out that “the Iraqi negotiating committee has intensified its serious discussions with the Saudi company (Acwa Power) to build water desalination plants, clean energy, and solar energy plants to enter them in the local energy market.”
    He added, "The directive was directed to focus on consolidating long-term relationships, allowing Iraq to benefit from the high flexibility of (Aqua Power), the giant of clean energy industries in the Kingdom and the Gulf, in implementing projects at reduced costs and with high efficiency, by striving to obtain (the highest possible service with the least possible). cost)”, stressing that “advanced success rates have been achieved in multiple negotiations with companies from different countries.”
    Disclaimer: All published articles represent the opinion of its authors only[/size]
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