Iraq, July 26, 2014
Iranian companies are operating $1.245b of water and electricity projects in neighboring Iraq, said Energy Minister Hamid Chitchian.
"Iraq is a big market for exporting technical and engineering services in the electricity industry," SHANA quoted Chitchian as saying on Wednesday.
"Iraq is a country with huge oil reserves and is awash with oil exports revenues.
This country has enough resources for development and enjoys a big and diverse market," he added.
Chitchian said Iranian companies should grab the opportunity to win five to ten percent of the $275b projects Iraq is envisaging to invest in through 2013 to 2017.
He referred to the countryˈs 1,400-kilometer shared border with Iraq, saying that the companies of both the neighboring states should team up for more cooperation.
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