The National Iranian Oil Company (NIOC) decided May 4 to open an economic representative office in Iraq.
The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and Iranian oil industry equipment producers, on the sidelines of the Iran Oil Show 2019.
Ramin Gholampour Dezfouli, NIOC’s director for support, construction and goods supply, said only Iranian companies approved by the NIOC will be able to partake in Iraqi Oil Ministry projects.
Since the second wave of the US sanctions against Iran in November, Tehran has focused its attention on promoting economic cooperation with Iraq to mitigate the US blockade’s impact on Iran’s economy.
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