TEHRAN – Iran and Iraq signed a memorandum of understanding (MOU) for cooperation in energy sector, IRNA reported on Thursday.

The MOU was signed by Iranian Energy Minister Reza Ardakanian and Iraqi Electricity Minister Luay Al Khateeb in Bagdad.
According to Iranian minister, The MOU draws a roadmap for the two countries’ long-term cooperation in energy sectors.
“Based on this MOU, Iran will help the Iraqi side with developing and overhauling their power plants and electricity grid while improving the Arab country’s electricity grid management system.” Ardakanian said.
The Iraqi minister in turn said the MOU also envisions cooperation in new energy technologies and sharing technical know-how and experience with the Iranian party.
Al Khateed also noted that the memorandum has outlined the framework for cooperation between the two countries in the field of energy, especially importing electricity and gas from the Islamic Republic.
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PHOTO: Iranian Energy Minister Reza Ardakanian (L) shakes hand with Iraqi Electricity Minister Luay Al Khateeb after signing an energy MOU on Thursday in Bagdad