Iraq News - Local News - Baghdadpost

Iraq, Norway sign agreement on oil in return for development


Prime Minister Adil Abdul-Mahdi has met on Monday with Norway’s Prime Minister Erna Solberg to discuss developing bilateral ties in all fields as well as getting the advantage from Norwegian companies’ expertise to reconstruct Iraq.

In a press release from the prime minister’s office, Abdul-Mahdi said “Norwegian companies, which are highly efficient, could contribute to the reconstruction of Iraq.”

He went on to say that the visit is of high importance and pushed the bilateral ties toward establishing strategic ties in social and cultural fields as well as fighting corruption.

During the visit, according to the statement, the two officials signed a convention of principles on oil in return for development, in order to exchange interests and get advantage of each other’s capabilities. They also highlighted the importance of preserving safety and security in the region.

Abdul-Mahdi also called on Norway to inform the European Union “with the role played by Iraq as well as the importance of its support toward the stability of the region and the world against ISIS.

Meanwhile, Solberg expressed thanks to her Iraqi counterpart and highlighted the Iraqi sovereignty, saying that Norway will be committed to its partnership with Iraq and will continue its support to the Iraqi government.

She also added that her government signed the agreement with Iraq to start a new phase of oil programs in return for development for three years.

Solberg arrived earlier on Monday in Baghdad and was officially received by Abdul-Mahdi.