Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, Jordanian Minister of Petroleum and Mineral Resources, Ibrahim Saif, and the Iraqi Oil Minister, Adel Abdul Mahd, signed a memorandum of understanding (MoU) in Amman to support cooperation in the oil and natural gas fields between the three countries, reports Egypt Oil & Gas.
The agreement comes in light of the excess crude and gas in Iraq, as well as shared interests for better economic utilization of these resources in the hope of achieving economic integration, and supporting the economic development plans of the three countries.
El Molla stated that agreed areas of mutual cooperation include providing Jordan and Egypt with Iraq’s surplus of oil and gas, as well as the export of Iraqi gas to Jordan and Egypt through the Arab gas pipeline. The ministers also agreed to conduct a study on the appropriate mechanism for the export of Iraqi crude to Egypt and Jordan and the implementation of the Haditha-Aqaba pipeline project.
The three ministers held extended talks with the Chairman of EGAS Khalid Abdel Badie, and the Jordanian-Egyptian FAJR Company Chairman, Fouad Rashad. All areas of current and future petroleum cooperation were discussed.
El Molla, accompanied by his Iraqi and Jordanian counterparts, also inaugurated the new complex for Egyptian petroleum companies operating in Jordan: Fajr, ENPPI, GASCO and Petrojet. Foad Rashad presented Fajr’s projects in Jordan, where the company is responsible for distributing natural gas to all sectors of the economy. He also reviewed the schedule for the implementation of natural gas delivery to the cities Al-Zarqa, Aqaba and Amman, taking advantage of the experiences of Egyptian companies in this field.