Iraq and Algeria ink contracts worth more than $100 million
Iraq and Algeria signed Tuesday, July 31, contracts worth more than $100 million on the occasion of an Algerian business delegation's visit to Baghdad, said Algerian minister for industry, Abdulmajid Minasra, who headed the delegation.
The contracts were signed within the context of the United Nations' oil-for-food program by some 56 Algerian firms, the official INA news agency said. It is the third time such a delegation has visited Baghdad since January.
Iraqi Transport and Telecommunications Minister Ahmad Murtada returned to Baghdad last Friday after a trip to Algeria, where he co-chaired with Minasra the 12th session of the two countries' "mixed commission".
Algerian exports to Iraq are estimated at $55 million (€63 million) for the first half of 2001. Deals worth $67 million were signed when an Algerian delegation last visited Baghdad. ― (AFP, Baghdad)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)
- Iraqi VP to Visit Algeria for Bilateral Talks
- Algeria and Turkey ink more gas deals
- New regulations key to financing $159 billion worth of MENA contracts
- A helping hand for Arab brethren: Iraq receives Sudan's $100 million aid request but spares $10 million
- Who said destroying Iraq wasn't profitable? Alstom wins $549m Iraq power plant contract