Tehran, July 13, IRNA-Iran's Minister of Industries Es'haq Jahangiri said in Tehran on Wednesday that Iran is ready to contribute to reconstruction of Iraq's industries. "Iran's industrial and mineral industries are ready to launch joint ventures in any field necessary in light of government's support," Jahangiri told his Iraqi counterpart Osama Abdulaziz al-Najafi.
Jahangiri said that besides meeting its domestic needs, Iran is now exporting some of its industrial products.
He said Iran can contribute to production of industrial commodities and construction of refineries and power plants as well as such important plants as the cement factories as it has done in Syria and Venezuela.
He added that Iran's government has approved the formation of High Council of Cooperation with Iraq to serve under supervision of the first vice-president.
The Minister said Iran's private sector is ready for cooperation with Iraqi private sector and make joint investments in Iraq.
Agreements on cooperation in certain infrastructural activities such as banking and insurance services are to be reached during Iraqi Prime Minister Ibrahim Jaafari's Tehran visit next week.
About 33 million cubic meters of cement are annually produced in Iran and plants are under construction for the production of an additional 30 million tons, said Jahangiri.
Iran can be one of the important partners of Iraq in the project for construction of cement plants there as well as in reconstruction of the country's petrochemical and chemical fertilizer companies.
Iran gives the priority to export of construction materials to Iraq and then cement to other countries, he added.
He hoped for restoration of calm and security in Iraq so that people would be able to decide their fate.
Al-Najafi said for his part that his country wants positive steps to be taken for all-out cooperation with Tehran.
He said Iraq is now getting stable, hoping that the country would be run by its own national institutions after the pullout of foreign forces.
The Iraqi official, too, said that his country favors stronger cooperation with Iran in cement, steel, machine building, chemical fertilizer, medicine and heavy industrial fields.
He added that Iraq is ready for investment in different industrial fields and Iran's private sector can contribute to the investments.
Abdulaziz called on Iran to contribute to reconstruction of petrochemical industries in Basra as well as improvement of chemical fertilizer industries and implementation of other projects in near future.
He said Iraq plans building three million residential houses and Iran can export iron bars, cement and construction material to its western neighbor for the purpose.
The Iraqi minister went on to say that Iraq's economic system is oriented towards privatization and that the Baghdad government plans to privatize state enterprises.
He hoped bilateral ties would further expand following conclusion of related memorandum of understanding.
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