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How oil is bringing Iraq, Egypt closer

Iraq is planning to supply Egypt with a million barrels of oil as both countries face a deteriorating relationship with Saudi Arabia.
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, Iraq October 14, 2016. REUTERS/Essam Al-Sudani - RTSS8IG
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Baghdad — On Oct. 17, Iraqi Oil Minister Jabar Ali al-Luaibi called on Egyptian companies to participate in oil investment contracts. He said during a meeting with the Egyptian ambassador in Baghdad, Hassan Ahmed Darwish, “It is necessary to strengthen relations between Iraq and Egypt, especially in the oil business.”

On the same day, Iraqi Prime Minister Haider al-Abadi spoke with Egyptian President Abdel Fattah al-Sisi over the phone to discuss the bilateral relations between the two countries and to unite efforts in the fight against terrorism.

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