By Innovation-sa on December 6, 2017 in News

Saudi Arabian and Iraqi companies signed 18 memorandums of understanding in the energy sector at the seventh session of Iraq International Oil and Gas Conference and Exhibition.

The MoUs were signed in the presence of Saudi Minister of Energy, Industry and Mineral Resources and Chairman of the Board of Directors of Saudi Exports Development Authority Engineer Khalid Al-Falih and Iraqi Oil Minister Jabbar Al-Alluaibi at Basra.

Saudi Arabia is participating at the exhibition as a guest of honor with a delegation of 22 firms focusing on energy and other industries.

Al-Falih said that there are many strategic advantages like human resources, geographic location, energy resources, natural and mineral resources and current and potential industries between Saudi Arabia and Iraq that would aid in developing a successful partnership between them.

Al-Alluaibi expressed his desire to establish cooperation and partnership with Saudi Arabia in future by signing the MoU’s and noted Saudi Arabia’s outstanding participation at the exhibition.