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Iran and Iraq sign pipeline study MoU

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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).

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Middle East pipeline news Crude oil pipeline news


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