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Iran, Iraq ink tie-up in petroleum sector

BAGHDAD, February 21, 2017

Petroleum ministers of Iran and Iraq have signed Memorandum of Understanding (MoU) on cooperation in different fields of oil and gas, a report said.

Issues such as development of oil and gas fields in common borders, exporting engineering and technical services, exporting goods and cooperation in the field of petroleum and derivatives were mentioned in the MoU, reported Irna.

Rendering help to rebuild infrastructures of Iraq oil and gas refineries by Iran were also mentioned in the MoU.

An agreement was also reached on exporting Kirkuk oil through a pipeline, which passes from Iran’s territory and it is due that an international consultant to be introduced for its technical and economic justification.

Granting university scholarships to Iraqi students to study in upstream oil and gas courses were also among other issues in the MoU.

Tags: Iran | Iraq | petroleum | MoU |

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