0313 GMT May 20, 2019
According to Fars News Agency, Iraj Masjedi pointed to Iraqi Minister of Electricity Luay al-Khateeb's recent visit to Tehran and said, "According to the agreements reached by the two parties, Iraqi's electricity shortage would be completely removed within the next three to four years."
He reaffirmed, "Iran's participation in the reconstruction of Iraq has started and Tehran is determined to take giant steps towards this."
Just as Iran stood by the Iraqi people and government in the fight against terrorism, it is also determined to help reconstruct cities devastated by Daesh, Masjedi added.
No one can create a rift between the two nations of Iran and Iraq, he said, adding, "Iranian companies initiated the reconstruction and reinforcement of infrastructures in Iraq and this trend will be continued in earnest."
Some councilors in Iraq's Balad city appreciated Iran's unsparing support and called for more economic cooperation and presence of Iranian companies in the city.
Last Sunday, Masjedi said that efforts to damage Tehran-Baghdad relations are doomed to failure, reiterating that the two countries are poised to develop economic and trade relations.
On Saturday, Secretary General of Iran-Iraq Joint Chamber of Commerce Hamid Hosseini said that Iran overtook neighboring Turkey in export of products to Iraq in 2018, adding that Turkey's exports to Iraq in 2018 was $7.35 billion.
He noted that in total, Turkey exported goods worth $154 billion in 2017, of which exports to Iraq stood at $8.3 billion.
Hosseini put Iran-Iraq trade in 2018 at $6.502 billion, of which Iran and Iraq accounted for $6.425 billion and $77 million respectively.
Iran's export of products to Iraq in the nine months from March 21-December 21, 2018 hit $7.322 billion, showing a significant growth as compared to the figure for the same period a year earlier, he concluded.