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    Iraq And Iran Sign Agreement To Expand Energy Cooperation

    May 12, 2023
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    On Wednesday, Iraq and Iran signed an agreement that would expand energy cooperation between the two nations and would establish a joint office with the purpose of overlooking cooperation between the two countries, the Iraqi Oil Ministry announced. The agreement was reached during a visit to Baghdad by Iranian Oil Minister Javad Owji.

    Owji met with Iraqi Prime Minister Mohammed Shia al-Sudani and discussed, "the overall cooperation between Iraq and Iran, and ways to develop them," along with the ability to jointly tackle "global economic challenges."

    The energy deal was signed between Owji and Iraqi Oil Minister Hayan Abdul Ghanni. According to a statement from the Iraqi Oil Ministry, the meeting between the two and Sudani "resulted in an agreement to establish committees to discuss the development of joint fields under international agreements and cooperation in refining, petrochemicals, as well as oil exploration and infrastructure development."

    Owji also noted Iran's desire "to expand the horizons of cooperation in the implementation of joint projects in oil and gas sectors, projects for the construction and development of oil refineries, the expansion of oil and gas pipelines, and environmental cleanup."

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    On Tuesday, Iranian President Ebrahim Raisi showed support for the move and called for broader energy ties between the two countries and noted that Iraq also needed to "fulfill its commitments" with respect to electricity and gas payments that Baghdad owes Tehran.



    Jen Snow

    Jen Snow is a former paralegal turned freelance writer who has a passion for foreign affairs. When not writing, she can be found curled up with her dog and a good book or outside playing in the Florida sun.
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