Iran wary of Iraqi plans to increase oil exports
Though its own exports are limited by international sanctions, Iran has criticized Iraq’s intentions to fill the market gap by increasing its own oil exports.
BAGHDAD — Iraq’s aspirations to increase its oil exports to close to 7 million barrels per day by 2017 drew criticism from the Iranian Ministry of Petroleum. Iranian Petroleum Minister Bijan Namdar Zangeneh regarded the move, which seeks to make up for the lack of oil exports from his country as a result of sanctions, as “absolutely unfriendly.”
The Iranian Embassy in Baghdad concurred with the opinion of the petroleum minister.
“Iraq’s oil policies will be harmful to the interests of Iran, especially given its aspirations to increase its crude oil exports to compete on the market and to establish a place for itself on the international scene,” Iranian Deputy Ambassador to Iraq Aziz Salihi explained to Al-Monitor. “Iran’s oil exports have gone down due to sanctions from 2.5 million barrels to 1.2 million barrels per day.”
“Iran enjoys good and solid relations with Iraq, and we do not anticipate for this to be compromised because of oil policies,” he continued, pointing out, “We can hold a dialogue with concerned Iraqi parties to establish some sort of understanding in this regard.”
