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Iraq, Oman plan cooperation in oil and gas sector

July 11/2019

MOSCOW (MRC) -- Iraq and Oman signed a memorandum of understanding to cooperate in the oil and gas sector, including the possibility of building a shared refinery in Oman for processing imported Iraqi crude, reported Reuters with reference to the Iraqi oil ministry's statement.

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.

"The MoU aims at studying the possibility of building a shared oil refinery in the Sultanate of Oman to process the crude oil imported from Iraq," Ghadban said.

The two countries will also explore prospects of cooperation and investment in exploring and producing oil and gas. In addition to refining, manufacturing, storing and marketing crude oil and oil products between them, the ministry statement said.

As MRC wrote previously, in April 2019, Petrofac secured a number of new awards and contract extensions, with a combined value of more than GBP23 million, to provide training solutions for key National Oil Company and International Oil Company clients in Oman, the UAE and Iraq.
Author:Margaret Volkova
Tags:crude and gaz condensate, gas processing, Iraq, Oman.
Category:General News
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