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Iraq and Iran to sign major energy deals - ASHARQ AL-AWSAT English Archive
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BEIRUT,(Reuters) – Iraq”s Prime Minister Ibrahim al-Jaafari will sign landmark oil and power agreements with the Iranian government next week to help solve an energy crisis in Iraq, a senior Iraqi official said on Thursday.

The agreements reflect a shift in policy by the new U.S.-backed Iraqi government which came to power in May and opted for closer ties with Iran, although both countries fought an eight-year war in the 1980s.

The deals comprise a 40 km (25 mile) oil pipeline between the Iraqi oil centre of Basra and Iran”s Abadan port, using Iran”s Caspian ports to import refined fuels into Iraq from central Asia and linking the electricity grid of the two countries, the official said.

Mismanagement and sabotage against power facilities have turned Iraq into an importer of refined fuels, mostly from Turkey and the Gulf, after the U.S.-invasion in 2003, and created severe energy shortages.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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