The Iran Project

Iran firms active in Iraq

TEHRAN July 23 (Shana)–Iranian companies are operating 1.245 billion dollars of water and electricity projects in neighboring Iraq, Energy Minister Hamid Chitchian said.

 “Iraq is a big market for the export of technical and engineering services in the electricity industry,” the minister said.

“Iraq is a country with huge oil reserves and is awash with oil exports revenues. This country has enough resources for development and enjoys a big and diverse market,” he added.

Chitchian said Iranian companies should rush to win five to ten percent of the 275-billion-dollar projects Iraq is envisaging to invest in through 2013 to 2017.

He referred to Iran’s 1,400-kilometer shared border with Iraq, saying Iranian and Iraqi companies had better team up for more cooperation.



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