Egypt, Iraq to Establish Joint Oil Companies

Egypt, Iraq to Establish Joint Oil Companies

Iraqi Vice President, Iyad Allawi, said he agreed with Egyptian officials on establishing joint companies for oil, natural gas, and petrochemicals, adding that he will convince officials in Iraq of the importance of Egypt’s regional role, one which cannot be played by Iran, Turkey or the United States, reported Amwal Al Ghad.

His comments came in a press conference held in Cairo on June 17. During the conference Allawi stated that the Arabs and Muslims have a debt toward Egypt, as it is always defending them. He said, “We have to support Egypt, so it can continue to play its moderate and wise role in the region.”

Allawi pointed out that “Iraq enjoys an excellent geographic location that overlooks each of Iran, Turkey, and the Arab world from the other side.”

He added, “Despite good ties with neighboring countries, we do not accept intervention from Iran or Turkey into the local affairs of Iraq or any other Arab country.”

Sarah Samir 2752 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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