Iran and Iraq sign pipeline study MoU
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
Citing the Oil Ministry of Iraq, news sources have reported that Iraq and Iran have signed a memorandum of understanding (MoU) for a study relating to the possibility of constructing a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran.
The agreement was signed in Baghdad during a meeting by Iraq’s Oil Minister, Jabar al-Luaibi, and his visiting Iranian counterpart Bijan Zanganeh.
The pipeline would help Iraq diversify its export routes and reduce its reliance on transit through the Kurdish Region Government's territory.
In a statement, Jabar al-Luaibi said that he has also agreed to visit his Iranian counterpart to co-operate on the policies of the Organization of the Petroleum Exporting Countries (OPEC).
Read the article online at: https://www.worldpipelines.com/business-news/21022017/iran-and-iraq-sign-pipeline-study-mou/
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