Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed. This deal marks the start of several joint projects between the two states. The agreement, announced by Egyptian Prime Minister Mostafa Madbouly, means Egyptian companies will establish development projects in Iraq in return for oil imports for Egypt. Egypt is expected to form a permanent follow-up committee to cut through any red tape that might prevent the commencement of the agreement. …
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