Iraq and Jordan sign a memorandum of understanding on the exploitation of natural resources
Economie| 04:48 - 19/05/2022
Baghdad - Mawazine News
, Jordan and Iraq signed a memorandum of understanding, in the presence of the Jordanian Minister of Energy and Mineral Resources Saleh Al-Kharabsheh, and the Iraqi Minister of Industry and Minerals Manhal Khabbaz, which includes preparing a proposal for joint investment and industrial projects.
A statement issued by the Jordanian Ministry of Energy said today, Thursday: "Jordan and Iraq signed a memorandum of understanding, stipulating the preparation of a joint project proposal for the development of industrial raw materials and rocks, as an opportunity for investment and the establishment of a joint geological database, and cooperation in the field of training manpower."
On the elements of the memorandum, Kharabsheh said, in a press statement, that the two countries agreed to establish a geological database and integrate it along the common border areas between the two brotherly countries, to be completed before the end of this year.
He explained that the proposal includes upgrading raw materials for phosphate rock and exploiting them in manufacturing industries, to raise the economic feasibility and upgrading raw materials for silica sand rocks and developing them into industrial raw materials of high purity that can be invested, to raise their economic feasibility.
The two sides also agreed, according to Kharabsheh, to prepare a joint training program for the exchange of manpower, stressing that, before the end of the year, a number of measures will be taken to activate joint cooperation and implement the program agreed upon by the two parties.
The Jordanian minister stressed the importance of the memorandum of understanding, in line with the ministry's interest in exploiting natural resources, and launched a number of projects in this regard.
He added: "The ministry has published a number of investment opportunities on natural resources in a number of regions of the Kingdom, and work is underway to exploit natural resources in light of what the world is going through and its repercussions on the issue of food and food chains."
For his part, the Iraqi minister described the results of the work of the technical committees between the two countries as positive, and the cooperation between the two countries has been going on for four months to reach these results.
He stressed the importance of the two countries' cooperation in the field of natural resources, in response to the interest of the leaderships of the two countries to exploit these resources as energy alternatives, especially silica.
Minister Khabbaz pointed to the importance of working to reduce carbon emissions, and the importance of the presence of phosphates and sulfur and their introduction into the agricultural process as fertilizers, due to the importance of their results on food security and climate change.
He indicated timetables for joint cooperation, the results of which will appear within 6 months. Ended 29 / h