23 July 2014 - 12:22
  • News Code: 221704
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.
News Code 221704

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