Iraq seeks Mexican Energy Investors

Iraq is seeking to attract Mexican investors into its energy, industrial and infrastructure sectors, according to the head of Iraq's diplomatic mission to Mexico, Hisham Al Jeborri.

According to a report from BNamericas, he said that 15 Mexican companies are already active in Iraq, mainly in the areas of oil pipelines, machinery and agricultural tools.

And while bilateral trade with Mexico remains weak, there are opportunities in Iraq for Mexican firms in the electricity, petrochemical, construction, infrastructure and agriculture sectors, he was reported as saying, adding:

"We want more Mexican companies operating in Iraq, we are offering a lot of opportunities for them to get to know the business potential we have."

Iraq has this year begun a diplomatic campaign to strengthen its trade relations with various countries, including Mexico, particularly in the energy, financial, medical, construction and agriculture and fisheries sectors, he said, adding that the country aims to double the presence of Mexican firms established there.

The Iraqi diplomatic service will seek a meeting with Mexico's Pemex to broker an agreement between the firm and its Iraqi counterpart.

(Source: BNamericas)

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