News Agency - Detail

Iran Welcomes Iraq's Proposals for Petchem Projects

Iran Welcomes Iraq's Proposals for Petchem Projects
(Sunday, May 14, 2023) 23:59

BAGHDAD (NIPNA)—Iranian Minister of Petroleum Javad Owji said on Saturday he welcomed Iraq's proposals for implementing petrochemical projects in the neighbouring country, as the two sides signed a cooperation agreement on oil, gas and petrochemicals.

Javad Owji told a press conference after meeting with Iraq's electricity minister that the agreement covered information exchange, exploration and development of joint oil fields, construction of pipelines and refineries and extension of gas contracts.

He said Iran had agreed to renew its gas contracts with Iraq's Baghdad and Basra power plants for another five years, after resolving technical issues.

He said Iran had a high level of human capital and technical and engineering capabilities in the oil and gas sector, and was ready to cooperate with Iraq in various fields.

The cooperation agreement was signed on Wednesday in the presence of Iraq's Prime Minister Mohammed Shiaa al-Sudani, who made several proposals for developing oil fields, training human resources and implementing petrochemical projects, which Owji said he welcomed.

The agreement will be followed up by a joint high-level committee of the two countries.

Email is required
Characters left: 500
Comment is required