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Iranian Private Companies to Address Iraq's Energy Needs.

Summary: TEHRAN (FNA)- Energy Minister Reza Ardakanian, in a joint presser with Iraq's Minister of Electricity Luay al-Khateeb, said that Iranian private sector companies will have the lion's share in implementing the articles of the bilateral MoU between Tehran and Baghdad.

Ardakanian said that Iranian private sector companies will have a the biggest share in Iraq electricity, power generation, power network reconstruction, and water and sewerage projects.

"More than 65 percent of energy producers in Iran are in private sector and will have a lion's share in implementation of the MoU," said Ardakanian, on Thursday, in a joint press conference with al-Khateeb, after inking a Memorandum of Understanding (MoU) for joint energy cooperation.

Ardakanian said he also exchanged views with Iraqi Minister of Construction and Housing Bangen Rekani for water and sewage treatment cooperation and, private sector can have active presence in the field as well.

Al-Khateeb, answering a question on the volume of Iran's electricity and gas exported to Iraq, said "Overall, up to 4,000 megawatts per hour electricity is purchased from Iran."

He said the amount will fluctuate in different seasons as it reaches its climax in the hot season.

He noted that the prospect of Iran-Iraq energy relations is promising.

Earlier on Wednesday, he announced Iran's preparedness to participate in projects to reconstruct Iraq after the devastating war launched by the US and its allies against the country.

The Islamic Republic of Iran is ready to participate in reconstruction of Iraq, in particular, in infrastructural projects, Ardakanian told reporters upon arrival in the Iraqi capital city of Baghdad on Wednesday.

Meantime, Luay al-Khateeb called for the development of relations with Iran, saying that Iraq is interested in cooperation with all countries, in particular, Iran.

He referred to the growing population in Iraq, and noted that Baghdad is thirsty for energy as a pre-condition to its development.

In relevant remarks earlier this month, Iraqi Minister of Construction and Housing Bangen Rekani had voiced his country's interest in Iranian firms' partnership in that country's reconstruction and development projects.

"My country welcomes the presence and participation of Iranian companies for reconstruction of different regions in Iraq," Rekani said in a meeting with Hassan Danayeefar, an advisor to Iranian first vice-president for economic relations with Iraq.

During the meeting, the two sides touched on the latest status of bilateral relations and topics of mutual interest, including ways to arrange for the payments of Iranian companies.

Danayeefar, for his part, said that the Iranian firms are ready to cooperate in the reconstruction process of Iraq which is damaged by the war on ISIL terrorists.

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Publication:FARS News Agency
Geographic Code:7IRAN
Date:Dec 28, 2018
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