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. As relations between the two states continue to improve, Madbouly signed 15 new agreements in Baghdad in November. Egyptian President El-Sisi has given his encouragement for greater cooperation from the Egyptian side, to ensure these agreements are implemented quickly and effectively. This comes as part of his plan to enhance the Arab national role. The oil-for-reconstruction plan comes after the October Egyptian-Iraqi Higher Committee which concluded with […]