Iraq in Talks with Qatar for Energy Cooperation

Monday, 6th May 2019
by Editorial Team

Umm Qasr, IRAQ: A ship is connected to the Basra Oil Terminal twelve nautical miles off the Iraqi coast in the waters of the Northern Arabian Gulf close to the port town of Umm Qasr 08 August 2006. The terminal is the main source of Iraq’s revenues, a key supplier to the global energy market and an obvious target for insurgents aiming to thwart the country’s economic recovery. AFP PHOTO/POOL/THAIER AL-SUDANI (Photo credit should read THAIER AL-SUDANI/AFP/Getty Images)

Iraqi Oil Minister Thamer Ghadhban has entered discussions with his Qatari counterpart Saad al-Kaabi for joint cooperation and potential investments in the fields of oil, gas, and electricity, Reuters reported.

Qatar Petroleum reportedly wants to participate in projects and investments to develop the oil and energy sector in Iraq.

Iraqi crude oil exports from southern ports reached 3.33 million barrels per day (b/d) in April, compared with around 3.37 million b/d in March.