Baghdad, Jan 4, IRNA - Iranian and Iraqi officials in Baghdad are making arrangements for an upcoming visit of Iraqi delegation to Tehran.
Iraqi Foreign Ministry said in a statement faxed to IRNA on Thursday that preparations are underway in Baghdad for the visit.
An official in the ministry also told IRNA that Iranian officials from Iran's Embassy in Baghdad met with senior officials of Iraqi Foreign Ministry in the run-up to the visit.
He said that the agenda of the talks in Tehran will be implementing articles of the Iran-Iraq Accord signed in Algeria in 1975.
Iranian Ambassador to Iraq Hassan Kazemi-Qomi was also present in the meeting, he said.
Iraqi Deputy Foreign Minister Muhammad al-Haj Hamud, who is expected to visit Tehran in order to discuss implementation of the Accord, also held talks with Kazemi-Qomi on Monday.
Hamud emphasized the credibility of all agreements between Iran and Iraq, adding that the topic during the visit will be the river of Arvandrud.
The deputy minister said that the future negotiations between the two nations will leave positive impacts on internal affairs of the war-torn country.
Addressing a one-day conference on opportunities and challenges of oil, gas and petrochemical industries of Iran and Iraq, he added that Iran exported 1.8 billion dollars worth of goods including oil and gas products, medicine, construction materials and technical and engineering services to Iraq last year.
He said that Iran has undertaken to drill 250 oil wells in Iraq in the next several years.
Asked about the amount of the contract for the project, he said expense of each well is estimated to exceed dlrs 60 million dollars.
Tizmaghz noted that total figure of Iraq's budget for 2008 amounts to some 42 billion dollars, seven billion dollars of which have been allocated to development of oil and gas sector.
He said that the Iran-Iraq Joint Chamber of Commerce, Industries and Mines has adopted measures to pave the way for joint venture investment and boost exchange of delegations between the two countries to explore grounds for economic cooperation.
"Promotion of trade and economic cooperation between Iran and Iraq will lead to welfare of the two nations," the minister said while addressing a day-long conference on opportunities and challenges of oil, gas and petrochemical industries of Iran and Iraq.
He added that growing bilateral cooperation and awareness of economic advantages of the two countries would be beneficial for their governments.
He stated that Iran and Iraq, which possess rich oil and gas resources, can meet future demands because oil resources of the world would end within the next 70 years.
Pointing to progresses made by Iran in various petrochemical fields despite the sanctions, the minister said, "Tehran is ready to transfer its technical and engineering know-how in oil, gas and petrochemical industries to Iraq." Danesh-Ja'fari noted that Iran achieved the technology to exploit and produce gas during recent years.
He stated that Iran has potentials to make joint and private ventures in the sector of oil, gas and raw materials industries in Iraq.
"Bolstering economic cooperation with Iraq is on Iran's agenda," he said.
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