He added the two deals on exporting Iran’s gas to Baghdad and Basra power plants will be extended for the next five years.

Owji made the remarks in his talks with reporters following a meeting with Iraqi Minister of Electricity Ziad Ali Fadel.

The minister said the Iranian and Iraqi experts solved the problems, describing the agreement as one of the achievements of his visit to Iraq.

Pointing to a memorandum of understanding (MoU) the two neighboring countries signed to cooperate in oil, gas, and petrochemical sectors, he continued, “Iran enjoys a high status in terms of human resources and technical and engineering capacities and has agreed to exchange data with Iraq and cooperate with it in the exploration and the integrated development of shared oil fields.”

According to the MoU, Iran will also help Iraq lay oil and gas pipelines and renovate its oil refineries, the minister mentioned.

The memorandum was inked between Owji and his Iraqi counterpart Hayan Abdel-Ghani in the presence of Iraq’s Prime Minister Mohammed Shia al-Sudani on Wednesday.

Owji and Sudani put emphasis on the expansion of bilateral cooperation in the energy sector, urging Iran-Iraq Joint Working Group to follow up the implementation of the recent memorandum through holding regular sessions.

The Iraqi prime minister brought forward proposals to develop joint fields, train human resources, and implement petrochemical projects, which were welcomed by the visiting Iranian oil minister.

Heading a high-ranking delegation, Owji was officially welcomed by Iraqi Deputy Oil Minister Bassim Mohammed Khudair and Iran’s Ambassador to Baghdad Mohammad-Kazem Al-e Sadeq on Wednesday.