Mr.
Jabbar A. Allibi the minister of oil signed a memorandum of understanding with
his Iranian counterpart Mr. Beigin Zangana to establish joint committees to
finish some of the important cases.
Such
as: the case of the joint fields between the two countries in order to invest
these fields perfectly, the committee of studying the capability of extending
the Iraqi crude oil pipeline from Kirkuk through the Iranian lands, and the
committee of studying the transportation of the Iraqi oil from Basra to Abadan.
The
memorandum stated also to continue the cooperation in the sector of supplying
the power stations with the Iranian gas, inviting the Iranian companies to
invest in the oil & gas sector, and rehabilitating the infrastructure of
the oil & gas facilities in addition to the petrochemicals factory in
Basra.
Iran
shown its readiness to grant scholarships to the Iraqi students in the oil
specializations.
Mr.
Allibi "after the end of discussions" said that they was positive and
fruitful because the two sides was keen to activate the horizons of cooperation
between the two countries to serve the joint benefits. In addition to the
coordination of the attitudes in OPEC to achieve the demanded balance in the
global oil market in order to support the prices.
Mr.
Zangana said that the two sides held an extended meeting to discuss the common
concern issues which are related with the development of the oil & gas
industry and the border oil fields, as well as the implementation of many
strategic important projects to strengthen the opportunities of cooperation
between the two countries. He also was comfortable for the elevation of the oil
prices in the global market after the resolution of OPEC to cut the production.
It
is worthy to mention that the Iranian minister Mr. Beigin Zangana visited
Baghdad for one day with a high class delegation. And was received by Mr.
Allibi the minister of oil and many responsible members from the ministry of
oil.
Source: http://www.gulfoilandgas.com
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