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Iran, Iraq to develop joint oil fields
Iran's Azar oilfield
August 19 2011
Iran voiced preparedness to sign an agreement with Iraq to develop joint oilfields in the border areas, an Iranian oil official announced.
The Central Oil Fields Company's Managing-Director Mehdi Fakour said on Thursday that Iran is studying the details of the agreement that would help the two neighboring states increase their crude output.
He noted that Iraq should set up a mechanism for signing the deal "taking into consideration its current political developments and changes."
"Based on the talks between the two countries, only a limited number of foreign and international companies could take part in the development of the joint oilfields," the official stressed.
Earlier, Iranian Oil Minster Rostam Qassemi underlined that the development of Iran's Joint Oil and Gas fields sets the main priority of his ministry.
Speaking in a meeting with directors of oil and gas companies active in the South Pars region, the oil minister said that development of joint oil and gas fields is the first priority of the oil ministry in both offshore and onshore border regions
Earlier this year, Tehran and Baghdad agreed to establish joint expert committees to finalize technical and financial details of a deal aimed at the development of the joint oilfields.
The two countries have 23 joint oilfields in the border regions.
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Iran's Azar oilfield
August 19 2011
Iran voiced preparedness to sign an agreement with Iraq to develop joint oilfields in the border areas, an Iranian oil official announced.
The Central Oil Fields Company's Managing-Director Mehdi Fakour said on Thursday that Iran is studying the details of the agreement that would help the two neighboring states increase their crude output.
He noted that Iraq should set up a mechanism for signing the deal "taking into consideration its current political developments and changes."
"Based on the talks between the two countries, only a limited number of foreign and international companies could take part in the development of the joint oilfields," the official stressed.
Earlier, Iranian Oil Minster Rostam Qassemi underlined that the development of Iran's Joint Oil and Gas fields sets the main priority of his ministry.
Speaking in a meeting with directors of oil and gas companies active in the South Pars region, the oil minister said that development of joint oil and gas fields is the first priority of the oil ministry in both offshore and onshore border regions
Earlier this year, Tehran and Baghdad agreed to establish joint expert committees to finalize technical and financial details of a deal aimed at the development of the joint oilfields.
The two countries have 23 joint oilfields in the border regions.
[You must be registered and logged in to see this link.]
