Date: 10:48:53 || 03 December 2017 »
The management of the Basra Oil Company, on Sunday, that a large Saudi economic delegation will arrive in the province after a few hours to participate in an international conference and exhibition of oil and gas, involving dozens of Arab and foreign companies.
"Basra will witness on the fifth of this month the establishment of an international conference and exhibition of oil and gas in which dozens of Arab and foreign companies participate," said the Director General of the Basra Petroleum Company Ihsan Abdul Jabbar, told Al-Kashif News that " Where major energy companies in Saudi Arabia will participate. "
"The delegation will be headed by Saudi Energy Minister Khalid Al-Falih," said Abdul Jabbar, who was recently appointed director general of the South Gas Company, adding that "a high-level Saudi economic delegation will arrive in Basra hours later to prepare for the conference and exhibition." A number of agents of ministries and businessmen and the heads of the most important Saudi energy companies. "
"The Iraqi government is interested in strengthening economic relations with Saudi Arabia, and there is a joint ministerial committee formed for this purpose," Abdul-Jabbar said. "Some Saudi companies specialized in energy, especially the petrochemical industry, have a desire to implement projects in Iraq because it considers it a country with promising markets in this area. "
It is noteworthy that Basra is the center of the oil industry in Iraq, and one of the most important oil cities in the world, as it owns about 59% of Iraq's oil reserves, and includes the largest oil fields in Iraq, including Majnoon and Rumaila and West Qurna, and operates in the province many large foreign oil companies such as (Royal Dutch Shell, BP and Lukoil, as well as large government companies, most notably Basra Oil Company and the Iraqi Drilling Company, and through which most of Iraq's oil is exported. Basra has huge crude oil deposits, The port of Al Aamiyah and the port of Basra have oil, as well as floating platforms for export
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