Iraq and Iran sign a memorandum of understanding for joint cooperation in the field of oil and gas

20/02/2017 05:38 | Number of Views: 26

Direction Press / Baghdad

Oil Minister Jabbar Ali Allaibi signed with his Iranian counterpart, the Beijing Zanganeh on the memorandum of understanding included, the formation of joint committees to resolve a number of important files, including common fields between the two countries file and to achieve optimal investment for her and the Commission to study the possibility of extending the pipeline to transport Iraqi crude oil from the Kirkuk fields across the land Iran and the Committee to study the transfer of Iraqi oil from Basra to Abadan.

A statement by the Ministry of Oil got "direction Press" a copy of it on "The memo also provided for the continuation of cooperation in the field of supplying electric power stations of the Iranian gas, and invited Iranian companies to invest in oil and gas and to participate in the rehabilitation of the infrastructure of oil and gas for Mnchaouat factory petrochemicals in Basra sector ".

And according to the statement showed Iran "is ready to give the Iraqi students fellowships in oil majors."

The oil minister said Jabar Ali Allaibi "after the end of the talks, it was positive and fruitful, with both sides keen on activating the prospects of joint cooperation between the two countries and to serve the common interests as well as the coordination of positions in OPEC to achieve the desired in the global oil market balance and to support oil prices."

For his part, Iranian Oil Minister Beijing Zangana "The two sides held an expanded meeting to discuss issues of common interest and for the development of oil and gas industry, fields the joint border between the two countries and the implementation of a number of important strategic projects, so as to enhance the chances of optimal cooperation between the two countries as well as the Iranian minister expressed satisfaction with the improvement in prices oil on world markets after the OPEC decision to reduce production. "