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Iran, Iraq Explore Ways to Expand Energy Ties

No contract has been signed to develop shared oilfields yet as more negotiations are needed to reach a comprehensive agreement on financial and technical matters
Iran, Iraq Explore Ways to Expand Energy TiesIran, Iraq Explore Ways to Expand Energy Ties

Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets.
Thamir Ghadhban, Iraq’s oil minister, made the statement in Baghdad on Thursday in a meeting with his Iranian counterpart Bijan Namdar Zanganeh.
"The two sides are conducting surveys of the oilfields. No contract has been signed yet as more negotiations are needed to reach a comprehensive agreement on financial and technical matters," Ghadhban added.

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