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Tehran, Baghdad agree to establish gas supply network

Tehran, The development of joint fields, the reconstruction of old Iraqi refineries, the establishment of a gas supply network and the export of technical and engineering services are the most important oil agreements between Tehran and Baghdad.

Tehran, Baghdad agree to establish gas supply network

The above remarks were made by Iran's Deputy Minister of Petroleum for International Affairs and Commerce Amir Hossein Zamanian.

He stressed on Sunday that the talks will be held between senior Iranian and Iraqi energy officials.

'The construction of the pipeline from Basra to Abadan is raised for the transfer of the product that we hope will be implemented. Iran has vast capabilities in the oil, gas and petrochemical industry, which can be used to engage with the Iraqi side,' he pointed out.

Deputy Minister of Petroleum for International Affairs and Commerce added that Iran is unique in terms of gas distribution network in the world, and no country in the world has such a gas supply network.

Accordingly, Iraq wants to develop its gas distribution network with the participation of Iran.

He stated, 'Now politically, it's the best opportunity to increase partnership and cooperation in the oil industry in two countries.'

According to him, a number of Iraqi students will study in oil engineering at the University of Tehran.

In another development, the Iranian Economy Minister during a joint meeting with Iraqi Deputy Prime Minister and Minister of Finance, as well as the Minister of Planning underlined on further development of economic cooperation based on specific and operational plans.

'The Islamic Republic will develop economic cooperation is serious and unrestricted, and we expect to have a diverse, broad, long-term cooperation as consolidated political relationship in this area,' Farhad Dejpasand said on Sunday.

He pointed to the meetings between the two countries' leaders, and said, 'It is now time to reach agreement on the operational and transparent plans, with such a strong will to develop bilateral relations.'

According to Dejpasand, Tehran and Baghdad can cooperate in the field of civil engineering, in particular construction of roads, tourism, technical and engineering services, construction of dam, power plant, hospital and chain stores.

Pointing out that Iran and Iraq can cooperate on the services and trade sectors and insurance services by having deep and extensive cooperation between customs and central insurers, the high-ranking official stated that according to the volume of foreign trade between Iran and Iraq, this country has the second rank among the Islamic Republic's partners, and in order to develop economic and all-out relations, Tehran is ready for any kind of cooperation based on maintaining common interests.

Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati and Iraqi Finance Minister Fuad Hussein, in a meeting in Tehran on Sunday, discussed ways to boost bilateral trade and to balance exports and imports between the two countries.

The two officials also talked on ways in which Iraq could pay its debts to Iran.

Speaking to reporters, the CBI governor said that the volume of trade between the two countries is in a satisfactory condition and given the existing capacities, Iran and Iraq can create balance between bilateral exports and imports.

Hemmati said that Iran and Iraq do banking interactions in Iraqi Dirham which is key to enhancement of banking relations between the two neighboring countries.

Iran's Minister of Industry, Mining and Trade also announced the formation of a Joint Iran-Iraq Commerce Committee, and said that an Iranian delegation in the near future will travel to Iraq.

Addressing Iran-Iraq business-economic conference held at the Iranian Chamber of Commerce, Reza Rahmani said memoranda of understanding (MoUs) were signed during the recent visit by the Iranian president to Iraq in the areas of Shalamcheh railway, business visa facilitation, health and oil.

'Some of these memoranda of understanding were being implemented and the preparations for the implementation of other sectors were also provided,' Rahimi said.

He added that during the visit by the Iraqi prime minister also several other MoUs were signed in the fields of modernizing the country's industries, improvement of infrastructure and establishing industrial townships.

According to the Minister of Industry, Mine and Trade, facilitating the issuance of visas for the Iranian businessmen is another agreement between the two sides on the basis of which a one-year visa will be issued to Iranian traders this year.

Source: Islamic Republic News Agency - IRNA

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