Minister of Petroleum and Mineral Resources, Karim Badawi, met with Deputy Prime Minister and Minister of Oil of Iraq, Hayyan Abdul Ghani, in Baghdad. The meeting discussed ways of enhancing bilateral cooperation in various aspects of the Petroleum Sector.

During the meeting, both ministers asserted the significance of enhancing cooperation in the oil and gas domains for achieving integration, ensuring mutual benefits for both countries.

The two oil and gas leaders discussed cooperation in the refining sector, specifically transporting Iraqi oil through the Egyptian facilities, for reaching the regional and international markets.

The meeting further addressed the updates of the memorandum of understanding (MoU) signed between the Egyptian Ministry of Petroleum and Mineral Resources (MoPMR) and the Iraqi Ministry of Oil, to include additional areas for cooperation, such as renewable energy.

The two ministers agreed on establishing joint committee for implementing the agreed-upon domains of cooperation and following up their progress.