Iraq interested in boosting energy cooperation with Iran

TEHRAN (FNA)- Iraq’s Oil Minister Abdul Karim Lauibi stressed his country’s willingness to boost cooperation with Iran in the energy sector.

Speaking to Shana on the sidelines of his participation in the Gas Exporting Countries Forum (GECF), Luaibi said Iran and Iraq oil ministries enjoy high level of cooperation especially in gas sector adding the two countries are working on two gas projects aiming at supplying Iraq’s power plants with gas imports from Iran.

15th ministerial meeting of GECF convenes on Sunday in Tehran. The body consists of 13 countries as full member and 4 other countries as observer.

Approval of GECF program of work and budget for year 2014, presentation and discussion on current gas market developments,  confirmation of the new members of the Executive Board of the GECF,  appointment of Secretary General,  date and venue of the 16th Ministerial Meeting are among the main topic on the tomorrow’s GECF agenda.

GECF members account for 42 percent of the world’s gas production, 70 percent of the world’s gas reserves, 38percentof pipeline gas transmission and 85 percent of liquefied natural gas (LNG) trade.

Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Venezuela, the United Arab Emirates and Oman constitute the 13 member states of GECF. The Netherlands, Kazakhstan and Norway have observer status and Iraq has recently joined them.

By Fars News Agency


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