The Minister of Oil Invites the Egyptian Oil Companies to Develop the Iraqi oil Industry.
Mr. Jabbar A. Allibi the minister of oil invited the Egyptian big companies to participate actively in the investment & implementation of the Iraqi oil & gas industry development projects.
Mr. Allibi met in Cairo with many corporate chiefs of the big Egyptian companies whom are working in the oil & gas sector and invited them to participate actively in developing the Iraqi oil & gas industry. He also praised them for their experience and efficiency in the sectors of drilling, refining, gas, distribution, power transformation, piping, technology, training and infrastructure, in addition to the other sectors.
Mr. Allibi said also that the ministry of oil is keen to strengthen and develop the relations with the "brothers" in Egypt and expand the horizons of participation of the Egyptian companies in the implementation of the different projects. And the ministry of oil is working on to encourage the companies for the associated investment and the establishment of the real associations which serves the common interests.
Mr. Allibi praised the role of the "brother" Egypt in supporting the Iraqi government and citizens, and said that the oil & gas industry is being developed Significantly and rapidly and there are big plans to invest the gas because Iraq has big reserves of it and the Egyptian companies has many fields to participate in them. He confirmed also that the Egyptian companies has big expertise in the gas industry and the other sectors.
It is worthy to mention that Iraq and Egypt signed a memorandum of the associated understanding and cooperation in the sector of developing the oil & gas industry during the visit of Mr. Tarik Al-Mullah the Egyptian minister of petroleum to Iraq at the last October. The memorandum included the associated cooperation between the Iraqi & Egyptian companies in the sectors of drilling, refining, distribution, exportation and training the technical & engineering staff to contribute in developing the Iraqi oil sector.