Iran’s policy in Iraq after Saddam Hussein’s regime has been to strengthen bilateral cooperation in all fields including political, economic, and security.
Unfortunately, due to the war that was imposed on Iraq during the rule of Saddam Hussein and the terrorist acts after the fall of the regime, this country has faced a lot of problems, especially in the energy sector.
In the meantime, the main policy of the Islamic Republic of Iran has been to support a stable and peaceful Iraq by expanding economic activities with this country.
Iraq is highly dependent on oil revenues, and the driving engine of this country is its oil industry, and taking this issue into account, the Islamic Republic has been following new strategies for bilateral cooperation in the field of energy.
Iran and Iraq are important members of OPEC, and they have had significant cooperation in this organization; there are also common oil fields between the two countries, which have expanded the capacities of bilateral cooperation.
Back in November 2022, Iranian President Ebrahim Raisi said his country was seeking expansion of energy ties with neighbor Iraq and called on Baghdad to take the necessary measures for collaboration in developing joint oil fields.
Raisi made the remarks in a joint press conference with Prime Minister of Iraq Mohammed Shia’ al-Sudani who arrived in the Iranian capital on November 29 to hold talks with the authorities of the Islamic Republic.—Tehran Times