Iraq intends to sign contracts worth billions of dollars with Saudi...


The official Iraqi newspaper, Al-Sabah, quoting Oil Minister Ihsan Abdul-Jabbar, said on Monday that Iraq intends to sign contracts worth tens of billions of dollars with Saudi Arabia to invest in the gas, alternative energy, water and petrochemical industries.

The newspaper added that Iraq is negotiating with Saudi to enter it as a partner in contracts for exploration and investment of free gas in the new fields in the Western Desert.

She also said that Iraq is intensifying its negotiations with the Saudi company ACWA Power to build desalination plants, clean energy and solar power plants.

The two parties are discussing the establishment of joint petrochemical projects.

Reuters





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