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Saudi Arabia to boost oil projects in Iraq if ties with Iran restricted: Source


Saudi Energy Minister Khalid al-Faleh


Saudi Energy Minister Khalid al-Faleh has focused on restarting production on the oil pipeline connecting Iraqi oil facilities, located south of the country, with the Saudi terminal of Yanbu' during a meeting with Iraqi Prime Minister Haider al-Abadi, a source said on Wednesday. 

The source, who asked to remain anonymous, stated that Saudi Arabia requires the Iraqi government to restrict its relation with Iran and dissolve the its militias to restart production on the oil pipeline. 

However, the source confirmed that it is difficult for the Iraqi government to meet these requirements. 

Iraq's commitment to meeting Saudi Arabia's requirements should be in return for investments of Gulf companies in the local market, the source pointed out.  

The source also noted that al-Faleh's visit to Baghdad and meeting with al-Abadi is not sudden, adding that it came after intensive contacts between the Iraqi government and the Saudi side.

Iraqi delegations' secret visits to Riyadh have discussed bolstering relations through expanding diplomatic missions as well as economic and trade cooperation between the two countries, the source revealed. 

Saudi Arabia shut the oil pipeline in 1990 after Iraqi invasion of Kuwait.
 

Last Modified: Wednesday، 24 May 2017 02:52 PM
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