Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Saudi, Iraqi ministers discuss power-sharing project

Saudi, Iraqi ministers discuss power-sharing project

Saudi Energy Minister Prince Abdulaziz bin Salman on Wednesday held talks in Riyadh with visiting Iraqi Minister of Electricity Ziad Ali Fadel on recent developments on a project that will link the two countries’ power networks.
The Saudi-Iraqi interconnection project will improve reliability of the electrical networks in the two countries, achieve economic savings, enhance optimal energy exchange for electricity production, and attract investment in electricity generation projects.

The meeting also explored opportunities for cooperation between the Kingdom and Iraq in renewable energy, while benefiting from the capabilities of ACWA Power and its contribution to the development of future projects in Iraq.

The two ministers also discussed sharing the Kingdom’s expertise in the field of smart meters, as well as opportunities for Saudi companies to participate, alongside Iraqi companies, as contractors and manufacturers in developing infrastructure for smart meters.

The Iraqi delegation was briefed on the financial and regulatory reforms witnessed by the electricity sector in the Kingdom during the past three years.

In June 2022, the Saudi energy minister met with Iraqi Minister of Oil Ihsan Ismail to discuss connecting the two countries’ electricity grids, as well as ways to strengthen cooperation in the energy fields through the Saudi-Iraqi Coordination Council.

Saudi Arabia and Iraq signed a memorandum of understanding in January last year to connect their electricity grids.

The agreement aims to share power-generating reserves and exchange electricity for emergency use in case of power cuts.

Saudi Arabia’s economic ties with Iraq have improved dramatically recently.

During a visit to Baghdad in February, Prince Faisal bin Farhan, the Kingdom’s foreign minister, said that Iraq plays an essential role in strengthening stability in the region.

Prince Faisal also highlighted the depth of relations with Iraq, saying that ties between the two countries have recently witnessed “great momentum.”
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×