Iran decides to extend its gas exports to Iraq for the next five years » Baghdad Today News Agency

Baghdad today – follow-up

Today, Saturday, Iranian Oil Minister Javad Oji announced the extension of his country’s gas exports to Iraq for the next five years.

“These two contracts will be extended for the next five years,” the Iranian minister said, indicating that Tehran currently has two contracts to transport gas with two power stations in Baghdad and Basra, based on the agreement of the two parties.

The Iranian news agency “Mehr” quoted the Iranian Oil Ministry as saying, “Oji, after a meeting with the Iraqi Minister of Electricity, Ziyad Ali Fadel, referred to the signing of a memorandum of cooperation between Iran and Iraq in the field of oil, gas and petrochemicals.”

Oji added, “Iran, in terms of human capital and technical and engineering capabilities, has a high position. Therefore, based on the memorandum that was signed with the Iraqi side, we will cooperate with Iraq in the field of exchanging information and exploration, and developing joint oil fields in the form of integrating the development of these fields.”

He explained that “the establishment of oil and gas pipelines and the improvement of Iraqi oil refineries are among the other axes mentioned in the memorandum of understanding between the two countries,” explaining that “one of the achievements of this trip is the extension of the gas export contract with the Iraqi Ministry of Oil.”

Noting that Iran has two gas contracts with power plants in Baghdad and Basra, the Iranian oil minister explained that “based on the agreement of the two parties, these two contracts will be extended over the next five years.”

During the meeting of the Minister of Oil with Iraqi officials, they discussed areas of cooperation between Iran and Iraq in the field of oil, gas and petrochemicals, and the two sides stressed the reduction of existing obstacles in the field of gas and cooperation with taking serious and pioneering decisions in this field..

Earlier, Prime Minister Muhammad Shia al-Sudani reaffirmed his government’s progress with the gas investment project in energy and electricity generation projects, as part of efforts to achieve financial revenues and end Iraq’s import of oil products.

While the memorandum of cooperation between Iran and Iraq in the fields of oil, gas and petrochemicals was signed last Wednesday evening, in the presence of the Iraqi Prime Minister, between the oil ministers of the two countries..

According to the Iran-Iraq agreement, the memorandum signed between the two parties will be followed up through the meetings of the higher joint working group between the two countries.

Javad Auchi arrived in Baghdad last Wednesday at the head of a high-level delegation to meet and consult with Iraqi officials. Upon his arrival, he was received by the Iraqi Deputy Oil Minister Basem Muhammad Khudair and Muhammad Kazem Al Sadeq, Ambassador of the Islamic Republic of Iran to Iraq..