Iraq and Iran signed a memorandum of understanding (MOU) on Monday to study the construction of a pipeline to export crude oil from Kirkuk fields to Iran, Iraq’s oil ministry said. The agreement also calls for a commission to solve the conflict about joint oilfields and the possible transportation of Iraqi crude oil to Iran’s Abadan refinery, the statement added and agrred with the Iraqi oil minister he will visit his Iranian counterpart to cooperate on the policies of the Organization of Petroleum Exporting Countries (OPEC). Iran and Iraq decided on a plan for developing a pipeline to carry 40 mcm of gas to Iraq in September 2015. The plan was delayed over security concerns resulting from the war the Islamic State (ISIS) group has waged in Iraq.
