Iraq, Iran to jointly develop oil fields January 16, 2012 - 18:13 AMT PanARMENIAN.Net - Managing Director of the Iranian Central Oil Fields Company (ICOFC) Mehdi Fakour announced that Tehran and Baghdad have decided to establish a joint company for developing three joint oil fields. "An Iraqi delegation will visit Iran on February 6 to finalize establishment of the company," Fakour said in a press conference on Monday, Jan 16, Fars News Agency reported. He also announced that the two countries' authorities are willing to sign agreements with Iran and Iraqi contractors to develop their three joint oil fields. Tehran and Baghdad had in August 2011, worked out an agreement to develop joint oil fields at the two countries' shared borders. "We are waiting for the Iraqis to be prepared for inking the deal," Fakour said at the time. Earlier, Iranian Oil Minister Rostam Qassemi had underlined that the development of Iran's Joint Oil and Gas fields sets the main priority for his ministry. Speaking in a meeting with directors of the 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 land and sea border regions.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
