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Iraq Invites Saudi Companies to Invest in its O&G Sector

Iraq has renewed its invitation to Saudi companies to invest in the country’s oil and gas sector.

 

The invitation was issued by Iraq’s Prime Minister Mustafa al-Kadhimi during a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz al-Saud on 10 November.

 

After the meeting, the Saudi crown prince and Iraqi prime minister stressed the two countries' determination to strengthen relations in all fields, in a statement issued via Saudi Press Agency, Saudi Arabia’s official government news outlet.

 

It said: “The two sides stressed the importance of cooperation in the fields of energy, exchange of experiences and coordination of positions in the oil field within the scope of Opec and Opec Plus.

 

“They also stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market.

 

“The Republic of Iraq also renewed its invitation to Saudi companies to invest in promising opportunities in various fields in Iraq.”

 

Saudi Arabia and Iraq also agreed to continue to cooperate in the field of combatting terrorism and said that they would intensify cooperation on security issues.

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