IRAQ, IRAN VOW TO PROMOTE ENERGY COOPERATION

Oil ministers of Iran and Iraq met here on Saturday in a bid to promote cooperation and bilateral development in the energy sector between the two neighboring countries, Iranian local Mehr News Agency reported.

Iraqi Minister of Oil Hussein al-Shahristani, who is on a four- day visit to Iran, underlined the necessity of cooperation in exploiting jointly-shared oil fields and carrying out a plan for Iran to provide refined products in return for Iraq's oil, the report said.

In July 2005, the two countries signed a deal under which Iran agreed to exchange Basra light crude with liquid-petroleum-gas ( LPG) and kerosene.

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