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Saudi Arabia and Iraq sign MoU on linking power grids

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Saudi Arabia and Iraq have signed a memorandum of understanding (MoU) to link the power grids of the two countries, the Saudi energy ministry announced on Twitter on Tuesday.

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“We aim to achieve optimal investment in the electrical connection with Iraq,” said Saudi energy minister Prince Abdulaziz bin Saud at a signing ceremony.

“The project came after a study that showed that the linkage provided promising opportunities between the two countries,” he added.

Secretary-General of Iraqi Council of Ministers Hamid Naim al-Ghazi expressed his wish that the connection be made as soon as possible, adding that Prime Minister Mustafa al-Kadhimi directed that the project be completed soon.

Linking the power grids will strengthen the relations between the two nations and provide economic benefits, he said.

With Reuters

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