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Azerbaijan, Iraq sign memorandum of understanding on oil and gas

Business Materials 3 June 2015 17:37 (UTC +04:00)
Azerbaijan and Iraq signed a memorandum of understanding in the oil and gas sphere, the Azerbaijani Ministry of Energy said June 1.
Azerbaijan, Iraq sign memorandum of understanding on oil and gas

Baku, Azerbaijan, June 3

Trend:

Azerbaijan and Iraq signed a memorandum of understanding in the oil and gas sphere, the Azerbaijani Ministry of Energy said June 1.

Azerbaijani Minister of Energy Natig Aliyev, President of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev and Iraqi Oil Minister Adil Abdul-Mahdi met.

While speaking about the relations between Azerbaijan and Iraq, Aliyev said both countries have a single position on many global issues.

He said the rich oil reserves of both countries will contribute to the expansion of cooperation between Azerbaijan and Iraq.

It was stressed that the signing of a Memorandum of Understanding with Iraq will create the basis for further development of cooperation in this direction.

Abdul-Mahdi said Iraq ranks second among the OPEC countries in the oil production volume. The guests highly appreciated the innovations used by Azerbaijan in the oil sphere.

Edited by CN

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