BAGHDAD – Iran Central Oil Fields Company (ICOFC) and Iraq National Oil Company (INOC) here on Thursday signed a deal on cooperating for the exploration and development of joint border oilfields, ICOFC managing director announced.

Alireza Zeighami said that according to the deal, joint technical groups will be formed in three months in order to explore border oilfields. “Collecting preliminary information and carrying out feasibility studies is expected to take nine months,” he added, PIN reported.
Zeighami stated that the oilfields are located in the Iranian provinces of Khouzestan, Ilam, and Kermanshah.
The meeting was held on the official invitation of Mohammad al-Haj Hamud, the deputy foreign minister of Iraq.