Iraqi Prime Minister Adel Abdul Mahdi visited Egypt March 23, the premier's first trip abroad since assuming his post last October. Following the two-day trip, Iraq's Foreign Ministry described the visit as not only a success for Iraq's policy of distancing itself from all political axes, but also an opportunity to expand work with different economic circles in the region. The statement also emphasised encouragement of all countries to invest in Iraq despite their political disputes in the region.
During a meeting with Egyptian President Abdel Fattah al-Sisi, Abdul Mahdi discussed several economic projects, including a potential electricity deal.
Later on, Jordan's King Abdullah joined the tripartite summit to discuss the extension of an Iraqi pipeline to Egypt. Iraq and Jordan had previously agreed to build a pipeline to transfer Basra’s oil in southern Iraq to the port of Aqaba in western Jordan. The 1,000-mile (1,600-kilometer) pipeline will transfer Iraqi crude from Basra to export ports in Aqaba, at a cost of about $18 billion and a capacity of one million barrels per day.
The agreement on the pipeline extension has yet to be finalized, but according to their final statement, the three leaders have agreed on working on common infrastructure and expanding their economic ties and will establish a committee to follow up on the agreements.
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