NICOSIA — Iran and Iraq have signed an energy accord.
The Iranian Oil Ministry said Baghdad and Teheran signed an agreement to
build pipelines for the transfer of Iraqi crude oil and oil products. The
ministry said the pipeline would transport crude oil from the Iraqi port of
Basra to Iran's Abadan.
The accord, reported on Aug. 11, stipulated the Iranian purchase of
100,000 barrels of Iraqi crude. The crude would be refined in Iran's Bandar
Abbas and resold to Iraq. No other details were reported.
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In August 2006, Tehran and Baghdad signed a memorandum of understanding
on energy issues that called on Iran to refine 100,000 barrels per day of
Iraqi crude. In exchange, Teheran would supply two million liters per day of
gasoline and other refined products to Iraq.
