The Iraqi Ministry of Oil announced today, Saturday, that the visit of the Minister of Oil to Tehran resulted in an agreement with the Iranian side to establish joint committees for the development of the oil and energy sector. According to a statement from the Ministry of Oil, the Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, during the joint meeting between the oil ministries of both countries, emphasized Iraq's commitment to enhancing bilateral relations with the Islamic Republic of Iran in the fields of oil and energy and working to expand and develop opportunities and prospects for cooperation between the two neighboring countries.
The minister pointed out in the statement that the meeting confirmed the depth of the historical relations between the two neighboring countries, and the influential role of both Iraq and Iran in OPEC and global markets, considering them to be at the forefront of oil and gas producing countries. The Iraqi Minister of Oil indicated that he agreed with his Iranian counterpart to form specialized committees to promote and expand opportunities for mutual cooperation, including a committee to develop the common border fields between both sides, according to international protocols and norms that guarantee the rights of each party, a committee for mutual cooperation in gas investment and accumulation, petrochemical industries, and renewable energy, a committee for the rehabilitation and development of refineries, and a committee for joint training and development, along with collaboration in areas of oil marketing, drilling, supply of pipes and spare materials, and oil explorations, among others.
The statement further noted that the joint meeting also included the signing of a memorandum for mutual cooperation in the field of training and development, signed by the ministry's undersecretary for extraction affairs, Basim Muhammad Khudair, with his Iranian counterpart.
