By*Mustafa Saadoun for [You must be registered and logged in to see this link.]. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.*Iraqi Oil Minister Jabar Ali al-Luaibi called on Egyptian companies to participate in oil investment contracts. He said during a meeting with the Egyptian ambassador in Baghdad, Hassan Ahmed Darwish, “It is necessary to strengthen relations between Iraq and Egypt, especially in the oil business.”
On the same day, Iraqi Prime Minister
[You must be registered and logged in to see this link.] spoke with Egyptian President Abdel Fattah al-Sisi over the phone to discuss the bilateral relations between the two countries and to unite efforts in the fight against terrorism.
Although Abadi was preoccupied with the
[You must be registered and logged in to see this link.], that did not prevent him from contacting Sisi, which underlines
[You must be registered and logged in to see this link.] for Iraq as well as the significance of improving the Iraqi-Egyptian relationship in light of the current
[You must be registered and logged in to see this link.].
The meeting and phone call came a week after the
[You must be registered and logged in to see this link.] suffered a blow following
[You must be registered and logged in to see this link.] in favor of the Russian project on the Syrian crisis. The fact that Iraq quickly communicated with the Egyptian government implies an Iraqi desire to rearrange its ties at the Arab level.
Iraq’s inclination to
[You must be registered and logged in to see this link.] in the oil business was met with an
[You must be registered and logged in to see this link.] to do the same, especially since the latter is experiencing some tension with Saudi Arabia. Thus, Iraq seems like a
[You must be registered and logged in to see this link.] as an oil-rich country to resort to.
Iraq, which is also not on good terms with
[You must be registered and logged in to see this link.], wants to invest in the crisis between
[You must be registered and logged in to see this link.] and give Egypt a chance to prevent its
[You must be registered and logged in to see this link.] from deteriorating now that its former ally, Saudi Arabia, is out of the picture. Thus, Iraq gains an important Arab country like Egypt and benefits from Saudi Arabia’s loss of such an important Arab ally.
Source:
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