Iran, Iraq Mull Integrated Development of Joint Oil, Gas Fields

The Iranian and Iraqi oil ministers emphasized boosting bilateral cooperation in the fields of integrated development of joint fields, trading of gas and oil byproducts, payment methods and the development of the infrastructures.

News ID: ۸۲۸۳۲۳

03 March 2024

EghtesadOnline: During a meeting held on the sidelines of the 7th meeting of heads of the Gas Exporting Countries Forum (GECF) in Algeria, Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdul-Ghani Abdul-Zahra Al-Swad exchanged views on bilateral cooperation in the field of oil and gas.

The two sides discussed trading gas, its payment methods, trading of oil byproducts and completing the infrastructures of the two countries to enhance the trade of the products.

The integrated development of joint fields was a main topic discussed by the Iranian and Iraqi oil ministers, Mehr news agency reported.

The two sides also talked about bilateral cooperation on accumulating flare gases, fulfillment of drilling services in the oil sector and setting up some infrastructures including the construction of pipeline by Iranian companies in Iraq.

In a separate meeting with his Angolan counterpart Diamantino Azevedo in Algeria on Saturday, Iran’s oil minister voiced Tehran’s readiness to export technical - engineering services to Angola.

The oil minister accompanied Iranian President Ebrahim Raisi on his visit to Algeria to participate in the 7th meeting of heads of the GECF.

Earlier on Saturday, Raisi held separate meetings with several heads of state on the sidelines of the summit. / Tasnim