Iran does not plan to wait for Iraqi stability until
Teheran develops joint oil reserves.
Iranian Deputy Oil Minister Hadi Nejad Hosseinian said Iran was prepared
to develop oil fields shared with Iraq without Baghdad's permission.
Hosseinian said that despite the establishment of a joint panel, Baghdad has
not responded to Iran's appeals for joint energy development.
"Iran and Iraq share a few joint oilfields," Hosseinian told the Iranian
daily Sobh Eqtesad. "We cannot wait and see what
government takes power in Iraq, and if it is about to cooperate with us or
not. We are ready to cooperate with the Iraqis through mutual coordination
or even joint exploitation once they are prepared."
[On Wednesday, the Iraqi Oil Ministry reported an explosion at a key oil
pipeline that feeds an Iraqi power station, Middle East Newsline reported. Officials said the blast,
attributed to insurgents, forced the ministry to reduce electricity output
around the country by 10 percent. They said Iraqi oil exports were not
The two countries share the oil fields of Azadegan, Dehloran,
Kushk-Hosseinieh, NaftShahr and West Paydar. Officials said Iran still
intends to pursue joint energy projects with Iraq even if Baghdad awards oil
and natural gas contracts to U.S. companies.