On: Sat 07/30/2011 8:02
Basra / follow-term economic
and signed BIC recently signed a Memorandum of Understanding with the Iranian delegation economy in an attempt to develop trade and economic relations.
According to media sources informed that the memo included several axes, most notably the two sides agreed on cooperation and understanding in the field of investment opportunities available in Basra, within the limits and powers available Investment Authority.
The sources said that the Iranian side expressed the desire to invest tens of investment projects in the sectors of industry, agriculture and housing, in addition to the opportunities available in the Sports City and the industrial city new in Basra as well as investment in the oil and gas.
and signed the note at the BIC in the presence of the President of the Board and Economic Development Committee the Iran-Iraq and a group of companies Mehr Yassin Iranian Contracting and Investment and Deputy Economic Development Commission Iranian - Iraqi Amin Shariati, and economic advisor to the Consulate General of the Republic of Iran in Basra, Mahdi Khozaúa.
The head of the Basra Investment Commission, told the Kurdish news agency (Rn) that "the memo included a commitment to the receipt of abstracts of interest to the Iranian company and followed up with the relevant authorities, particularly in the sectors of oil and gas. "
The company plans to establish a company oil and gas services, which provide well services metadata and infrastructure, extension and maintenance of pipelines transporting oil and gas, as well as supervision and control over oil service with the consent of the Iraqi side.
The Economic Adviser to the consulate of Iran in Basra, Mahdi Khozaúa (Rn) that his country is keen to develop trade and economic relations with Iraq.
He explained that "the Iranian delegation briefed on the Iraqi investment law No. 13 of 2006, as amended during the meeting with Authority BIC has expressed a willingness to comply with all provisions of the law. "
He Khozaúa that "the Iranian side will abide by the status of representatives to submit abstracts for the projects over a period of 45 days and provide a funding plan of projects identified through the company's ability to implement."
afterthought "in the other hand, the BIC as much as possible the nomination of suitable land for projects of them. "
came on the sidelines of the meeting, the Iraqi - Iranian announcement of the imminent opening of new air routes between the (Tehran - Basra and Basra - a scene) through lines Mahan Iranian air force.
The Khozaúa that the opening of airlines between Iran and Basra province will contribute to the support of religious tourism and economic and the development of social relations between the two countries.
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