Iraq Interested in Bulgaria's Energetics

Business | November 29, 2004, Monday // 00:00

Iraqi officials have declared their interest into Bulgaria's energy sector.

Bulgaria's Deputy Economy Minister Mario al Dzeburi, who was in Jordan's capital Amman, broke the news immediately after his return. Mario al Dzeburi held meetings with ministers of the Iraqi government who declared their country's interest into Bulgaria's energy sector.

The possible participation of Bulgarian businessmen in the construction of Iraqi energy plants was also among the discussed topics. The energy exports from Bulgaria to Iraq was also included in the agenda.

The Iraqi officials have also shown interest in the products of the pharmaceutical and the food industry.

Al Dzheburi also announced that highly ranked officials from the White House and from the Congress back Bulgaria's efforts for finding a proper solution of the Iraq debt case.

It was earlier announced that the Iraqi government will launch negotiations with Bulgaria to write off 80% of the USD 1.7 B debt overdue from Iraq. World media reported that Iraq has decided to initiate discussions with the countries that are not members of the Paris club, including Bulgaria and Romania, in order to seek waiver of its major debt.

Iraq owes another USD 80 B to non-Paris Club lenders among which Bulgaria. International sanctions imposed on Iraq following its 1990 invasion of Kuwait prevented Bulgaria from collecting the debt.

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