According to Iraqi officials, OPEC's two major oil-producing countries, Iraq and Saudi Arabia, will finalize billions of dollars worth of energy, petrochemical products and water transactions. These transactions will be an important step to free this war-torn country from Iran’s energy imports and further promote the relationship between the two neighboring countries. Oil Minister Ihsan Abdul-Jabbar Ismail said that the country intends to sign a major agreement with Saudi Arabia before the end of the current government’s term.

Mr. Ismail also led the Iraqi team to negotiate. He did not disclose the size of the transaction, but said that the total investment value was "tens of billions." These deals were reached at a time when relations between the two countries were heating up. After Saddam Hussein invaded Kuwait in 1990, Saudi Arabia severed relations with Iraq. The two countries began to restore relations with the help of the United States in 2016 in an attempt to counter Iran’s growing influence. Saudi Arabia has also reopened its embassy in Baghdad, and countries have established a coordination committee to maintain relations. Since then, they have signed a series of agreements related to politics, security and commerce, thus opening a major border crossing. Keywords: engineering news, engineering construction

Baghdad is also discussing a cooperation agreement with Saudi Aramco to explore and develop natural gas reserves in new oil fields in the western desert of Iraq. Negotiations with Saudi Arabia's AcwaPower are continuing to build a desalination plant and solar power station in Iraq. The minister said: “Experts from the two countries are studying the results of the negotiations to reach an agreement on a draft long-term contract that meets the wishes and interests of the two countries. The energy company Masdar signed an agreement with the Baghdad Ministry of Electricity and the State Investment Commission in October. Construction of five power stations in Iraq. At the same time, Abu Dhabi Ports Group signed a preliminary agreement with the Iraqi Ports Corporation (GCPI) last month to explore potential investment opportunities and strengthen cooperation in the transportation and maritime fields.Editor/Xing Wentao