Minister of Petroleum and Mineral Resources, Tarek El Molla, signed a memorandum of understanding (MoU) with his Iraqi counterpart, Ihsan Abdul Jabbar.

No further details were announced about the deal, however, Prime Minister, Mostafa Madbouly, remarked that Egypt will support Iraq in a number of major projects in several sectors such as; infrastructure, energy, electricity, oil, and gas. Madbouly urged Egyptian companies to implement such projects as soon as possible through the “oil-for-reconstruction” mechanism. 

The MoU is one of the 15 signed agreements between Egypt and Iraq aiming to enhance the bilateral ties between the two countries.