Iraq and Kuwait are in the process of signing a joint oil agreement

Economy News _ Baghdad

Iraq and Kuwait are preparing to sign a joint oil agreement once a study on the development of the northern fields is completed.
"The Kuwaiti Oil Ministry signed a joint agreement with the Iraqi side after the Kuwait Oil Company completed the study of oil production in the joint fields north of Kuwait," Oil Minister and Minister of Electricity and Water Khalid Al-Fadhel said.
"He held bilateral talks with the Iraqi side on special and bilateral issues in the oil and electricity sectors."
He stressed that "there are serious steps to link Iraq to the Gulf electricity network," pointing out "the importance of holding intensive meetings between the Kuwaiti and Iraqi sides in light of the distinguished relations between the two countries, which culminated in the visit of the Emir of Kuwait to Iraq."


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