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Iran, Iraq reach agreement on setting up oil pipeline

Tehran, April 23, IRNA -- Deputy Oil Minister Noureddin Shahnazizadeh said Thursday Iran and Iraq have reached agreement on setting up oil pipeline from Basra, southern city of Iraq, to Iran's southwestern city of Abadan.

The agreement was reached in a meeting between Iran's Oil Minster Gholam-Hossein Nozari and his Iraqi counterpart Hussain al-Shahristani, Shahnazizadeh said on the sidelines of Oil Expo in Tehran.

The 14th International Exhibition of Oil, Gas and Petrochemicals (Oil Expo) opened in Tehran on Tuesday in presence of first Vice-President Parviz Davoudi and Iranian oil minister Nozari.

Over 853 domestic and 450 foreign companies from 50 countries have been attending the oil exhibition as well.

Meanwhile, Shahnazizadeh said that Iran and Iraq have also signed letter of understanding on building oil refineries in the Iraqi cities with participation of Iran.

... Payvand News - 04/23/09 ... --

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