Iraq is seeking to enhance relations with Iran in oil and gas industries, Iraqi Oil Minister Jabar al-Luaibi said on July 30, 2017.
On Sunday, the Iraqi minister held a meeting in Tehran with his Iranian counterpart Bijan Zanganeh, discussing several issues of common interest including oil and gas fields that border both countries and cooperation on gas, energy, investment, infrastructure, and training.
The 2 sides exchanged views on bilateral ties, especially transfer of oil from Iraq’s Kirkuk to Iranian refineries.
Production oil from joint oilfields was also a topic of discussion, al-Luaibi said on the sidelines of the meeting.
As he said, Iran and Iraq will sign an agreement in 2017 or 2018 on producing oil from 2 joint fields.
The ministers also discussed latest developments in the global oil market with an emphasis on boosting cooperation in the OPEC.
Zanganeh, for his part, pointed out that gas exports from Iran to Iraq will be started over the next few months.