Bid & Tender
Iraq, Iran in Talks to Invest in two Joint Oilfields

Date : Oct 03, 2017

Iraq is in talks with Iran to jointly invest in two oilfields shared by the two countries, a top Iraqi government official was quoted as saying in a media report.

 

Without specifying the fields and when the agreement would be signed, Oil Minister Jabbar al-Luaibi said it would be a groundbreaking move in the history of economic cooperation between the two countries, Iran source reported.

 

In August, Iraq's Ambassador to Iran Rajih al-Mussawi said his country was considering a plan to cooperate with Iran in the development of Azadegan oilfield which is shared by the two countries, the report said.

 

Mussawi added that oil ministry officials from the two countries are already in talks to this effect, adding that some 'good news' would be announced soon.