Iraq, Iran to sign deal on shared oilfield-Shahristani
VIENNA, Sept 12 (Reuters) - Iraq and Iran plan to develop oilfields that straddle their border and Iraq will pump crude to its neighbour's refineries, deepening commercial ties between the two oil producers, Iraq's oil minister said on Tuesday.
Iraqi Oil Minister Hussain al-Shahristani told Reuters in an interview that an agreement between Iraq and Iran will be signed in a few months after technicians mark out the common oilfields.
The deal, first explored by Iran and Iraq in the 1970s, entails both countries defining their reserves in the cross-border field and then pumping the crude jointly.
Read the rest at Reuters
Iraqi Oil Minister Hussain al-Shahristani told Reuters in an interview that an agreement between Iraq and Iran will be signed in a few months after technicians mark out the common oilfields.
The deal, first explored by Iran and Iraq in the 1970s, entails both countries defining their reserves in the cross-border field and then pumping the crude jointly.
Read the rest at Reuters
posted by iraqnam at 10:12 AM
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