Iraq’s oil ministry said Iraq and Oman signed a memorandum of understanding to cooperate in the oil and gas sector, including the establishment of a shared refinery in Oman to process imports of Iraqi crude oil.
The statement quoted Iraqi Oil Minister Gaddafiban as saying that Iraq is committed to exporting crude oil to Oman, importing petroleum products from Oman, and establishing oil storage facilities in the two countries.
“This memorandum of understanding aims to study the possibility of establishing a shared refinery in the Sultanate of Oman to handle crude oil imported from Iraq,” Ghadban said.
The two countries will also explore cooperation and investment prospects in the exploration and production of oil and gas. In addition to refining, manufacturing, and the storage and sale of crude oil and chemicals between them.
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, the Iraqi oil ministry said.