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Legal Matters

Iran’s NIOC to open office in Iraq

Tehran, National Iranian Oil Company (NIOC) will open an office in Iraq with the purpose of easing Iranian manufacturers activities in the oilrich country.

For the first time, a meeting was held between Iraqi senior oil officials and their Iranian counterparts on the sidelines of the 24th International Oil, Gas, Refining and Petrochemical Exhibition underway in Tehran.

At the meeting, NIOC's Director for Production Support and Procurement, Ramin Qalambor Dezfouli and Iraq's Deputy Oil Minister Mahmoud Abdul Amir Hashim discussed the process of opening a representative office of NIOC in Iraq.

Qalambor Dezfouli said that the meeting reviewed the ways to interconnect Iranian manufacturer with the oil industry of Iraq.

He said that the plan for opening an office was a step forward to develop partnership with the Iraqi private sector and that it was on the agenda over the past three years.

The Iranian official said that companies will need to be approved by both NIOC and Iraq's Oil Ministry

The Iraqi official said on the sidelines of the meeting that because of the shared oil and gas fields, the two countries should broaden their cooperation in the industry.

He also emphasized the significance of highquality products of Iranian manufacturers to Iraq's oil industry, adding that Baghdad is eager to increase the level of cooperation with Iran on oil and gas.

The 24th International Oil, Gas, Refining and Petrochemical Exhibition (May 14) is underway in Tehran with representatives from 21 countries.

Source: Islamic Republic News Agency IRNA

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