Why it matters:
Iran and Iraq, two neighboring energy-rich nations with strong historical, cultural, and religious ties, are seeking to further integrate their energy sectors. Strengthened cooperation could bolster regional energy security and open new avenues for private-sector engagement, especially in oil and gas infrastructure.
What he's saying:
Iran’s Minister of Oil, Mohsen Paknejad, emphasized the strategic nature of bilateral relations during his meeting with Iraq’s Minister of Electricity, Ziyad Ali Fadel, at Iran’s Ministry of Oil headquarters. He stressed the importance of advancing energy collaboration as a key pillar of Iran-Iraq relations.
Key points:
- Iran and Iraq are deepening their energy ties through high-level discussions, aiming to establish a long-term strategic partnership across oil, electricity, and gas sectors.
- The cooperation is rooted in strong historical, religious, and cultural bonds between the two countries, which both sides see as a foundation for expanding bilateral initiatives.
Go deeper:
On April 13, Iran’s oil minister elaborated on a set of MoUs signed with Iraq, including agreements on offshore oil exploration and the transfer of associated petroleum gases from Iraqi border fields to Iran. These efforts aim to supply feedstock for Iranian NGL (natural gas liquids) units, with the participation of private companies. The energy partnership is seen as a long-term strategic effort to enhance economic interdependence and energy stability across the region.
ahmad shirzadian
