Tehran, Baghdad to ink deal on joint oilfields’ development soon: Luaibi
Tehran, Baghdad to ink deal on joint oilfields’ development soon: Luaibi

TEHRAN – Iraq will soon sign a deal with Iran to jointly invest in two oil fields, Bloomberg quoted Iraqi Oil Minister Jabbar al-Luaibi as saying on Sunday at a news conference in Baghdad. Earlier in July, the Iraqi minister held a meeting in Tehran with his Iranian counterpart Bijan Namdar Zanganeh, to discuss […]

TEHRAN – Iraq will soon sign a deal with Iran to jointly invest in two oil fields, Bloomberg quoted Iraqi Oil Minister Jabbar al-Luaibi as saying on Sunday at a news conference in Baghdad.

Earlier in July, the Iraqi minister held a meeting in Tehran with his Iranian counterpart Bijan Namdar Zanganeh, to discuss several issues of common interest including oil and gas fields that border both countries and cooperation on gas, energy, investment, infrastructure, and training. 

In the meeting al-Luaibi had said that Iran and Iraq will sign an agreement in the current year or the next year on producing oil from two joint fields.


EF/MA