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According to the report of the public relations of the National Iranian Gas Company (NIGC), Owji made the remarks following a meeting with Iraqi Minister of Electricity Ziad Ali Fadel.

Pointing to a memorandum of understanding (MoU) the two neighboring countries signed to cooperate in oil, gas, and petrochemical sectors, he continued, "Iran enjoys a high status in terms of human resources and technical and engineering capacities and has agreed to exchange information with Iraq on the exploration and development of joined oil fields."

The Iranian oil minister said the two countries had also agreed to build oil and natural gas pipelines and renovate Iraq"s oil refineries.

The memorandum was inked between Owji and his Iraqi counterpart Hayan Abdel-Ghani in the presence of Iraq"s Prime Minister Mohammed Shia al-Sudani on Wednesday.