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Iraq signed a memorandum of understanding with Egypt in the field of oil investment
Baghdad / term
Iraq signed a memorandum of understanding with Egypt in the field of oil investment
Baghdad / term
Iraq and Egypt signed on Monday amemorandum of understanding on theestablishment of joint companies for oil investment, while Egypt was considered that these companies would contribute significantly to the Iraqi oil industry development.
The oil minister said Jabar Luaibi at a press conference with the Minister of Petroleum and Mineral Resources Tariq Mulla and I followed the "long" that "Iraq has signed with Egypt , a memorandum of understanding for the establishment of joint companies to invest oil , whether in the field of drilling, refining and distribution, inaddition to the existence of refineries for investment that could invest it out by the private sector, as well as the development of infrastructure and gas investment and training . "
He added Allaibi, that" Egypt has huge potential capacity in the oil and gas industries , "noting that" Iraq is anact of memorandums of understanding previously signed with the Egyptian side in 2015 and 2016 ".
For his part, Egyptian Minister of Petroleum Tariq al- Mulla, the "Egyptian companies located in the southern regions of Iraq and is working in several oil projects."
The oil minister said Jabar Luaibi at a press conference with the Minister of Petroleum and Mineral Resources Tariq Mulla and I followed the "long" that "Iraq has signed with Egypt , a memorandum of understanding for the establishment of joint companies to invest oil , whether in the field of drilling, refining and distribution, inaddition to the existence of refineries for investment that could invest it out by the private sector, as well as the development of infrastructure and gas investment and training . "
He added Allaibi, that" Egypt has huge potential capacity in the oil and gas industries , "noting that" Iraq is anact of memorandums of understanding previously signed with the Egyptian side in 2015 and 2016 ".
For his part, Egyptian Minister of Petroleum Tariq al- Mulla, the "Egyptian companies located in the southern regions of Iraq and is working in several oil projects."
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