Oil and Gas

Egypt: Cairo inks oil and gas MoU with Amman and Bagdad

Friday, 20 November 2015 07:46

(Ecofin Agency) - Egypt’s government has decided to reinforce its cooperation with Jordan and Iraq in the oil and gas industry, towards finding a sustainable solution to the current power crisis Egypt is going through.

On November 15, in Amman, Jordan, a Memorandum of Understanding was signed to this end between Egypt’s minister of oil and mining resources Tareq El Mulla, Jordanian minister of energy Ibrahim Seif and Iraq’s minister of oil Adel Abdel Mahdi.

This aims at strengthening cooperation between the three nations in the oil and gas industry,’ reports governmental website sis.gov.

According to this source, the memorandum will translate into Egypt and Jordan being supplied “Iraq’s surplus in oil and gas”, Minister M. El Mulla explained. He added that the agreement would allow Iraq’s gas to be exported through the pipeline which passes through Egypt and Jordan.

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