Saudi oil minister calls for economic cooperation during Iraq visit

By REUTERS
October 21, 2017 18:27




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Breaking news. (photo credit:JPOST STAFF)

Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising existing coordination to boost crude oil prices.

In a speech at the opening of the Baghdad International Exhibition, Falih said cooperation between Iraq and Saudi Arabia contributed to "the improvement and stability we are seeing in the oil market"

Falih is the first Saudi official to make a public speech in Baghdad for decades. The two countries began taking steps towards detente in 2015 after 25 years of troubled relations starting with the Iraqi invasion of Kuwait in 1990.


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