Iraqi oil delegation in Iran

December 30, 2007

TEHRAN (PIN) -- Iraqi oil officials and business leaders are in Iran for a weeklong dialogue on future cooperation as cross-country oil trade continues.

Iran and Iraq are in the last stages of moving forward on a pipeline sending crude from Iraq to Iranian refineries and potentially a pipeline sending fuel back to Iraq.
Iran has also signed deals recently to build power plants in Iraq.
Iran’s Press TV reported Iranian businesspeople will be shown opportunities to invest in Iraq’s oil sector.
“The 30-member delegation is composed of decision-makers and consultants in the Iraqi Oil Ministry and traders from Iraqi Kurdistan and the southern part of the country and has the chance to become familiar with the potential of Iranian companies to design and implement oil projects,” said Medhi Saleh Olwan, the head of Iraq’s delegation.
The Fars News Agency reported the delegation tours Iran’s hydrocarbons sector, such as construction of tools and equipment needed in the industry, as well as petrochemical, upstream, and downstream sectors. A trade fair in Tehran has also been organized.