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Minister: Iraq to sign energy contracts with Saudi Arabia

November 1, 2021 at 1:00 pm

Iraq’s oil minister Ihsan Abdul Jabbar (C) attends the inauguration of a new gas compressor station in the Rumaylah oil field near Iraq’s southern port city of Basra on February 28, 2021. [HUSSEIN FALEH/AFP via Getty Images]

Iraq’s Oil Minister Ihsan Abdul-Jabbar said today that his country intends to sign multi-billion-dollar contracts with Saudi Arabia in the fields of conventional and renewable energy, as well as water and petrochemicals, Anadolu reported.

Abdul-Jabbar, who is the head of the Iraqi team in the negotiations, told reporters that Baghdad is discussing a partnership with Saudi Aramco to explore and develop natural gas fields in Iraq’s western desert, adding that the results of these discussions are being studied by experts from both countries, to agree on draft contracts that satisfy the aspirations and interests of both sides.

The Iraqi government is also in talks with Saudi Arabia’s Acwa Power to build water desalination plants and solar energy stations in Iraq as well as joint petrochemical projects, he said.

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