Iraqi Basra and Iran’s Khuzestan Provinces Sign Economic Cooperation Agreement Reviewed by Momizat on . Rating:
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Iraqi Basra and Iran’s Khuzestan Provinces Sign Economic Cooperation Agreement

Iraq Basra Iran Khuzestan Provinces

According to the Governor of Basra, Dr. Majid Mahdi Al-Nasrawi, Khuzestan and Basra have signed new agreements to increase and reinforce the current economic cooperation. Khuzestan and Basra are the two strategic provinces of Iran and Iraq for exporting oil and gas products to other countries.

“We have managed to sign several agreements with Iranian side in the hope of increasing the current cooperation between the two provinces. The new agreements cover different sectors including but not limited to water & electricity, education, health and agriculture.” Dr. Majid Mahdi Al-Nasrawi told a press-conference held at Basra.

Al-Nasrawi also mentioned that Basra will start importing electricity from Khuzestan as soon as Iranian contractors install the necessary posts for transferring electricity to Iraqi soil.

“Basra is interested in partnering with Iran-based universities over instructing Iraqi students. Hospitals of Basra are also ready to accept Iranian doctors for surgery operations.” Al-Nasrawi added. Thousands of Iraqi nationals visit Iran to receive medical services each year.

During the last decade, Basra was heavily damaged due to U.S. military assault to Iraq. In 2011, U.S. troops carried out military operations against Iraq in order to oust Saddam Hossein. According to the latest agreements, experts and investors of Khuzestan will help Iraqi government to reconstruct Basra.

New economic agreements between Khuzestan and Basra will facilitate the presence of Iranian private-held and governmental companies in Iraq. Currently, Iranian organizations are facing difficulties in trading with foreigner companies. This measure will provide them with a unique opportunity to bypass economic embargoes.

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