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Iraq, Oman to cooperate in oil and gas sector

Jul 07, 2019
1 min read
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Iraq and Oman have signed a memorandum of understanding (MoU) for cooperation in the oil and gas sector.

The deal will look at the possibility of building a shared refinery in Oman for processing imported Iraqi crude, the Iraqi oil ministry said in a statement on Thursday.

Iraq will aim to export crude to Oman, according to the MoU, import oil products from there and build oil storage facilities in both countries, the statement quoted Iraqi oil minister Thamer Ghadhban as saying.

In a statement the ministry said that the two countries will also explore prospects of cooperation and investment in exploring and producing oil and gas.

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