Iraq and Egypt Agree to Boost Ties in Oil Sector
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Iraq and Egypt Agree to Boost Ties in Oil Sector

ERBIL — The governments of Iraq and Egypt are planning to further strengthen their relations in the oil sector by establishing a joint company to implement projects.

It came after Egyptian Minister of Petroleum and Mineral Resources Tarek el-Moll met with Iraqi ambassador to Cairo, Ahmed al-Dulaimi, to review the bilateral energy ties.

Molla said that the agreement to import 12 million barrels of Iraq’s crude oil is still active, noting that the six-months deal is renewed regularly, according to Asharq Al-Awsat.

Cairo has also expressed readiness to send Egyptian experts in the field of oil refining to train the Iraqi personnel.

The two officials agreed that there was a great potential to further develop the cooperations between Egypt and Iraq, especially in this critical times that Iraq is shifting towards investment, development, and reconstruction.