Iraq, Iran to collaborate on handling fuel shortages
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SPECIAL TO WORLD TRIBUNE.COM
Wednesday, August 16, 2006
BAGHAD — Iran and Iraq have agreed to swap crude oil for fuel.
Officials said Iran agreed to purchase 100,000 barrels of crude oil a
day from Iraq. In exchange, Teheran would sell two million liters of refined
oil products, including kerosene, to Baghdad.
The agreement was reached during a four-day visit to Teheran by Iraqi
Oil Minister Hussein Shahristani. Shahristani, who led a six-member expert
delegation, held talks with his Iranian counterpart, Kazem Vaziri Hamaneh,
to expand crude oil and natural gas cooperation, Middle East Newsline reported.
Both Iran and Iraq have been struggling with gasoline shortages amid
insufficient refinery operations. Officials said the countries discussed the
pooling of resources to help eliminate shortages.
Copyright © 2006 East West
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