Iran, Iraq Agree to Pursue Construction of Kirkuk Pipeline

Iranian Oil Minister Bijan Zanganeh said Tehran and Baghdad have reached an initial agreement to build a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran.


Iran and Iraq are ready to promote their cooperation in the area of energy, Zanganeh said on Sunday after a meeting with his Iraqi counterpart Jabar al-Luaibi in the Iranian capital, Tehran.

The two sides also agreed to construct a joint pipeline to pipe Iraq’s oil through Iran, he added, noting that agreements were also reached about an international company that will carry out a feasibility study of the project.

Iran and Iraq signed a memorandum of understanding in February to study the construction of the pipeline.

The Iranian oil minister also said that the Islamic Republic would begin exporting gas to the Iraqi city of Basra in coming months.

He said there had been some problems in receiving payments for current gas exports to Iraq via banks and that Iran was receiving cash payments.
  (Tasnim)
31/7/17
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