Iran, Iraq sign $4 billion engineering agreement

The deal comes at a notable time in Iran-Iraq relations, as the Islamic Republic continues to threaten and attack Kurdish groups in Iraq.
Iraqi Aqeel Hassan, one of the owners of private electric generators.
Iraqi Aqeel Hassan, one of the owners of private electric generators, is pictured on July 17, 2021, at his business in Baghdad's Sadr City district, Iraq, which powers 270 homes in the block when the faltering national grid breaks down. - SABAH ARAR/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Iran and Iraq signed an export agreement today. 

Iran signed a $4 billion contract related to the export of technical and engineering services with Iraq. The purpose of the agreement is to make up for the decrease in Iranian non-electricity exports to Iraq. From March to November of this year, such exports decreased $1.4 billion to $4.7 billion. The reason for the decrease was the delay in forming an Iraqi government, the Iranian state-run Press TV reported. 

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