Egypt and Iraq discussed strengthening bilateral relations in the oil and gas sector through operating Egyptian oil companies in Iraq and establishing a join company to implement projects.
Egyptian Minister of Petroleum and Mineral Resources Tarek el-Molla said that the agreement to import 12 million barrels of Iraq’s crude oil is still active, noting that the six-month deal is renewed regularly.
The Egyptian petroleum sector is ready to reinforce the presence of its companies in Iraq in the coming period with various oil, gas, and petrochemical activities, announced Molla during his meeting with the Iraqi Ambassador to Cairo, Ahmed al-Dulaimi.
The Egyptian Ministry of Petroleum and Mineral Resources issued a press release, a copy of which was obtained by Asharq Al-Awsat, noting that Cairo discussed sending Egyptian experts in the field of oil refining to train Iraqi personnel.
The two officials also agreed to train the cadres in this vital industry and meet Iraqi needs.
During the meeting, Molla stressed the importance of permanent coordination and continuous consultations between the oil and gas sectors of both countries to enhance cooperation.
The Iraqi ambassador said his country's government is keen to boost bilateral relations and open new horizons for cooperation backed by the full support of the political leadership in both countries.
He stressed the importance of using distinguished Egyptian expertise, especially in the field of energy, noting that Egypt’s success, distinction, and experience will benefit Iraq at this important stage that is witnessing a shift towards investment, development, and reconstruction.