Iran’s gas, electricity exports to Iraq to hit $5bn this year

TEHRAN, Jul. 16 (MNA) – Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini said Tue. that Iran will earn $5 billion revenues for its gas and electricity sales to neighboring Iraq this year.

Iran’s technical and engineering projects, which had been stopped in Iraq due to terrorist activities, have resumed, Hosseini added.

“In the wake of expert-level sessions held between Iraqi Housing Ministry and Iran Small Industries and Industrial Parks Organization (ISIPO), it is stipulated that Iranian projects halted in Iraq will resume," he said.

Accordingly, some of these projects have been relaunched and other projects, mainly technical and engineering projects, will start activity soon, Hosseini highlighted.

Meanwhile, new projects will be commissioned in neighboring Iraq by the year-end.

Presently, projects such as sports stadium, water and sewage projects and also housing projects, which had been stopped in Iraq due to the presence of ISIL terrorists, will restart their work, he continued,

Elsewhere in his remarks, Hosseini pointed to organizing Iran-Iraq Joint Economic Forum and added, “this Forum will be held on July 21-22 in Iraqi capital Baghdad in the presence of relevant officials and organizations.”

Earlier, various issues such as construction of industrial parks, transit of goods and development of railways had been discussed between the two countries, he said, adding, “these issues will  be reviewed in this joint commission.”

MA/FNA13980424001056

News Code 147690

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