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Iraq sets up new joint venture in oil and shipping

Iraq is teaming up with Saudi Arabia, Kuwait, and the United Arab Emirates to create a shipping company that will transport, trade, and store oil, reports Reuters.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
by KATRINE GRØNVALD RAUN

A new joint venture between Iraq and a company owned by Arab states will store, ship, and trade oil and oil products, reports Reuters, citing official documents and local sources.

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