Iran (IMNA) - In a meeting held in Tehran on Wednesday, Iranian Oil Minister Javad Owji and his Iraqi counterpart engaged in talks focusing on bilateral ties and matters of mutual concern.
Minister Owji underscored the importance of expanding relations with neighboring Iraq, a priority emphasized by President Ebrahim Raeisi's administration. He highlighted the deep cultural and political commonalities shared between the two nations. Additionally, Owji emphasized that Tehran and Baghdad align their perspectives within the Organization of Petroleum Exporting Countries (OPEC) and OPEC Plus.
Iran and Iraq Strengthen Ties in Oil and Gas Sectors, Sign Oil Contracts
In a recent meeting, it was highlighted that both Iran and Iraq possess abundant hydrocarbon oil and gas reserves. Emphasizing the potential for growth in all areas of cooperation, particularly in the oil and gas sectors, the stage is set for the two nations to expand their ties.
The Iraqi oil minister acknowledged the progress made in bilateral relations over the past few years. This positive development has laid the foundation for further collaboration between the two countries.
Addressing recent developments in OPEC and OPEC Plus, Abdul-Ghani noted that the decisions made within the forum have contributed to the stability of oil prices. This stability benefits not only producers and consumers but also investment companies.
During the visit of the Iraqi oil minister to Tehran, Iranian and Iraqi oil officials have planned to finalize oil contracts, aiming to enhance mutual ties in this vital sector.
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