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FINANCIAL NEWS
Saudi Arabia, Iraq in talks for economic chances
13 Aug 2017
(MENAFN) Saudi Minister of Energy, Industry and Mineral discussed economic opportunities in a meeting with visiting Iraqi Oil Minister Al-Luaibi.
Accordingly, Al Luaibi expresses Iraq’s commitment to cutting oil exports in order to shore up prices, while they confirmed to open offices for big Saudi co-ops in Iraq.
Meanwhile, they will be facilitated by the opening of border crossings between both nations, whereas mutual investments may surpass tens of billions of dollars.
Furthermore, Iraq’s oil policy matches the kingdom in terms of cutting exports, while Iraq’s exports recently reached 195.000 barrels per day.
MENAFN1308201700450000ID1095725352
MENAFN1308201700450000ID1095725352
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