Baghdad and Seoul sign agreement on cooperation in energy, economy

30/04/2011
Baghdad and Seoul sign agreement on cooperation in energy, economy
بغداد ـ الصباح Baghdad morning

Resulted in the visit of Prime Minister Nuri al-Maliki to South Korea, and his meetings with officials and heads of companies out there, has signed an agreement to expand cooperation in the areas of energy and the economy.

Maliki's visit to Seoul in the efforts to strengthen Iraq's relations with world countries and invest the relative stability experienced by the country to attract capital and the contribution of international companies in a campaign of construction and reconstruction, as it deems observers, especially after Maliki's call for Korean companies to invest.

And met with Prime Minister during his current visit to Seoul, which began last Wednesday with President Lee Myung-bak at the presidential palace yesterday, where the two sides exchanged views on ways to strengthen bilateral relations between the two countries, said Maliki, the importance of strengthening the relations between the two countries for years and the need to strengthen and expanded.

Maliki said, according to a statement issued by his press office had received "morning," a copy of it: "The visit to Korea may mean many things to expand relations in all fields, adding that we are seeking to establish stable relationships and growing", stressing that Iraq sought to benefit from the Korean experience in how to promote reality and re-infrastructure.

For his part, South Korean President according to the statement, his country's desire Pettmtin these relations to serve the interests of two friendly countries.

During the meeting, signed an agreement to expand cooperation in the field of energy and the economy.

The prime minister has renewed his call for Korean companies to invest in Iraq.

He said during a meeting at his residence yesterday in Seoul, a number of heads of major Korean companies: "We believe that Korea is able to be our partner," adding that the government and parliament and the status of legislation and laws will support the investment companies in Iraq, especially the Korean ones.

In a related context, said company STX (STX) for Heavy Industries yesterday that it had signed with the Iraqi Ministry of Energy of a memorandum of understanding to build a diesel power plants with total capacity of 2500 MW.

Under the deal, the company will build 25 stations generate power diesel with a capacity of 100 MW in all parts of Iraq especially Baghdad and other areas that suffer from a lack of supply of electricity, in addition to building 500 units of power plants diesel capacity is between 4-8 MW .
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