Iranian companies growing active in Iraq

Young journalists club

News ID: 2817
Iran » Iran
Publish Date: 12:39 - 27 November 2013
Tehran, YJC. The Political Consultant to the Leader of the Islamic Supreme Council of Iraq says after dimming relations between Iraq and Turkey, Iranian companies have found better footage.

The Political Consultant to the Leader of the Islamic Supreme Council of Iraq said "Turk companies came to Iraq for investment and construction. We had worth near $12 billion trade with them which was contemporary with the US forces departing Iraq. Then Iranian companies were not there that much, but after Iraq-Turkey relations grew dim, Iranian companies came along and are pretty much active now.”`

Muhsin Hakim pointed out "1300 MW electricity is imported to Iraq from Iran every day which makes $1.3 billion a year. Also, there is the railroad from Basra to Shalamcheh and then to the Silk Road, China, Turkey, and Persian Gulf littoral states.”

He further stated that two oil pipelines are being stretched between the two countries with the capacity to convey 200 thousand bbl per day, adding "There is no refinery in Basra and the Abadan refinery is so huge. So we have this project to sell crude oil to Iran and buy from it refined oil. We also plan to replace Imam Port (Mahshahr) for Dubai, because the goods imported from Dubai are too expensive for us.”

He also made reference to Iran-US relations and said "The Islamic Republic of Iran is highly influential over the region. There is the US in the region with some interest of its own. To solve regional problems there is no way but mutual understanding and talks with Iran.”

Hakim further provided comments on the dimming relations between Bagdad and Ankara, saying "There was some misunderstanding between the two countries which did not seem even on the first day to make a good pretext for a diming relationship. After a period of cold relations, right now we are seeing growing relations again.”

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