Friday, November 26, 2010

Kuwait is looking forward to a more distinctive with Baghdad in all fields


November 27, 2010

Expect more entry to his country's companies to the Iraqi market to benefit from the investment law

Insured: Kuwait is looking forward to a more distinctive with Baghdad in all fields

بغداد – الصباح BAGHDAD - morning

Kuwaiti ambassador in Iraq on insured «that bilateral relations between the two countries currently have the best, and looked forward to development».

The insurer said in a statement carried by the agency «Voices of Iraq» by attending to the Oil and Gas Conference, which opened Thursday in Basra, that «his country's relations with Iraq, a distinct and at best have no need to wait for the future to improve»,

Afterthought «but we are looking for the best in the development of this relationship at all levels».

He explained that the economic level, a Kuwaiti company has managed to get on one of the licenses of gas, pointing out that this is «the first company to have a share holding in Iraq», indicating «good sign that it encourages other companies to come to Iraq.

He expected the insured «Kuwaiti companies entered more to the Iraqi market because of the existence of a law a good investment», returned to the law «of the best investment laws in the region».

In response to a question on the impact of the security situation in the delay of the entry of Kuwaiti companies, said insured: «The preoccupation with security is not an obstacle, despite taking into account, noting that his country has« convinced that this concern should not be an obstacle at this stage to prevent the entry of Kuwaiti companies to Iraqi investment market.

He denied the Kuwaiti Ambassador, there are problems on the common fields, pointing out that «there are no real problems, but topics for discussion and decisions», pointing out that the meetings he held with officials of the Iraqi Oil Ministry has confirmed a positive atmosphere, demonstrating that that the officials of Iraqi oil set an example project between the two countries for the development of joint fields and upheld as an example and should be applied between Iraq and other countries that have common fields with him », as he put it.

And its forecast for oil investments and their impact on Iraq's oil production and its economic future, according to the believer that «There is no doubt that the positive impact of these investments on the economy of Iraq, especially that on the verge of significant investments and has oil reserves greater than the extracted».

And launched on Thursday on the floor of the exhibition Turkish port stronghold, the conference of oil and gas in the presence of hundreds of official figures, government officials and corporate managers and the ambassadors of Kuwait, Turkey, consuls British and American, as well as more than 30 Arab and foreign countries presented their products to large areas in the exhibition.

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