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Iraq and Saudi Arabia sign a memorandum of understanding for cooperation in the field of electric energy between the two countries

BAGHDAD The Minister of Electricity, Luai Al-Khatib, signed a memorandum of understanding with Saudi Minister of Energy, Industry and Mineral Resources Khaled bin Abdul Aziz al-Faleh for joint cooperation in the field of electric energy between the two countries.

The Ministry of Electricity said in a statement that "the Iraqi and Saudi delegations met under the chairmanship of the Ministers of the two countries. The minutes of the meeting were concluded after the two sides affirmed that this agreement contributes to achieving the objectives of establishing the Iraqi-Saudi Coordination Council, on the conviction of both sides of the advantages of bilateral and technical cooperation in the field of electric power and strengthening the bonds of friendship between the two countries. "

Many of the paragraphs that will be included in the Memorandum of Understanding, namely, the electric link between the two countries, the development of the energy market, and urged the Saudi factories and companies working in the field of electric power to cooperate with the Iraqi side to cover the demand of equipment and electrical products, financing projects for the generation, transmission and distribution of electrical energy (renewable and traditional) in Iraq, as well as cooperation in the field of research and studies related to the electricity industry, exchange of information, data and studies related to raising the efficiency of the use of electric energy, consumption, as well as the development of human resources through training and exchange of experiences.

Source: National Iraqi News Agency