Javad Owji told a press conference after meeting
with Iraq's electricity minister that the agreement covered information
exchange, exploration and development of joint oil fields, construction of
pipelines and refineries and extension of gas contracts.
He said Iran had agreed to renew its gas
contracts with Iraq's Baghdad and Basra power plants for another five years,
after resolving technical issues.
He said Iran had a high level of human capital
and technical and engineering capabilities in the oil and gas sector, and was
ready to cooperate with Iraq in various fields.
The cooperation agreement was signed on Wednesday
in the presence of Iraq's Prime Minister Mohammed Shiaa al-Sudani, who made
several proposals for developing oil fields, training human resources and
implementing petrochemical projects, which Owji said he welcomed.
The agreement will be followed up by a joint
high-level committee of the two countries.