[size=36]The Oil Minister confirms the agreement with Saudi Arabia to speed up and turn memorandums of understanding into practical reality[/size]
[You must be registered and logged in to see this link.]
The ministry said in a statement, which Mawazine News received a copy of, that "Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani arrived in Riyadh and met with his Saudi counterpart Abdulaziz bin Salman at his invitation and stressed the keenness of the government and the ministry to develop bilateral relations with brothers in the Kingdom." Saudi Arabia in all fields, especially the oil, energy and petrochemical industries.
Abdul-Ghani stressed that "the meeting stressed the keenness of Iraq and the Kingdom of Saudi Arabia to enhance the horizons of bilateral cooperation between the two brotherly countries in a way that achieves common interests."
Abdel-Ghani referred to "the agreement to activate, accelerate and convert memorandums of understanding into a practical reality on the ground and specify specific timings for implementation, including the gas investment project in Akkas and the Nebras petrochemical project, the electrical connection, as well as gas investment projects in the southern fields, clean energy and others," calling Saudi companies to invest in the oil and gas sector, through the implementation of joint projects," pointing out that Iraq seeks to provide a suitable environment for the work of Arab and international companies.
On cooperation and coordination with Saudi Arabia, the oil minister said, according to the statement, that "Iraq is supportive of the decisions and agreements" of OPEC and "OPEC Plus" because it aims to achieve a balance between supply and demand, and leads to more stability in global markets.
For his part, the Saudi Minister of Energy confirmed, according to the statement, that "the invitation of the Deputy Prime Minister and Minister of Oil and the ministerial delegation to Riyadh comes within the framework of the Kingdom's interest in strengthening relations with brothers in Iraq and working to accelerate the implementation of joint projects in several fields, calling for the formation of joint committees to resolve projects that It was agreed upon earlier in the sectors of gas investment, electrical connection and petrochemical projects.
And the Saudi Minister of Energy expressed the Kingdom's readiness to cooperate and establish joint projects in all sectors that Iraq needs, praising the human capabilities, minds and experiences that Iraq possesses in addition to its economic capabilities and natural resources that it possesses. .
The statement continued, "The visit of the Iraqi ministerial delegation will last for one day, during which discussions will take place with the Saudi ministries of energy, Aramco, SABIC, Aqua Power, and others," noting that "the delegation includes, in addition to the minister, the Undersecretary for Energy Affairs, the Undersecretary for Liquidation and Distribution Affairs, Hamed Yunus, and the Ministry's advisor for energy affairs." Director General of the South Gas Company, Director General of the Oil Marketing Company (SOMO), Director General of the Studies, Planning and Follow-up Department, Director General of the Contracts and Licensing Department, and a number of officials in the Ministry of Oil. Ended 29 / H