Dubai — Iranian oil minister Javad Owji on Wednesday thanked Iraqi officials for cutting oil output, saying the two countries had a common position regarding both OPEC and the wider OPEC+ grouping which includes allies such as Russia.
The minister’s comments came as he signed a number of preliminary agreements with his Iraqi counterpart in Tehran, state media reported.
“Iran and Iraq have a common position regarding OPEC and OPEC+. We thank the Iraqi officials for the voluntary cuts they implemented to improve (oil) prices. We have had negotiations about future issues related to OPEC and OPEC+,” Owji said without giving any further details.
The agreements signed in Tehran on Wednesday include memoranda of understanding (MoU) to develop shared oil and gas fields, particularly Sindbad in Iraq and Khorramshahr in Iran, Iran’s Borna news agency said without giving further details.
“We reached acceptable agreements on the renovation of Iraqi refineries by Iranian experts and a committee to follow up on this issue has been created,” Owji added.
Reporting by Elwely Elwelly and Ahmed Rasheed; Editing by Kirsten Donovan – Reuters
