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.