The deal marks a key development in bilateral energy cooperation during Iranian Oil Minister Mohsen Paknejad’s two-day visit to Iraq at the invitation of his Iraqi counterpart.
The visit also culminated in several other agreements covering various areas, including offshore exploration and the transfer of associated gases from Iraq’s border fields to Iran, aimed at providing feedstock for NGL units with private sector participation.
Mehdi Obouri, CEO of Ahdaaf Investment Company, emphasized the daily requirement of 240 million cubic feet of NGL 3100 for the development and operation of the Dehloran Petro-Refinery Project.
He highlighted the importance of achieving full fuel supply and maximizing project capacity, noting that field utilization currently stands at about 50% of its potential.
Obouri said the agreement would play a significant role in addressing Iran’s energy imbalances and resolving environmental challenges in Ilam Province, where the plant is located.
He also stressed that such projects would boost regional employment and prosperity, expressing optimism the Iranian president will inaugurate the national project later this year.
