Investing Common Fields An Important Step To Increase Iraq's Production and Financial Imports

BAGHDAD / NINA / A member of the parliamentary Commission on oil and energy, Mo of the National Reform bloc, Zaher al-Abadi said, "Investing common fields with Kuwait and Iran is an important step to increase Iraq's production and financial imports." He told the National Iraqi News Agency / NINA / that "Iraq, because of lower oil prices entered into a financial crisis requires all sectors of government to look for new ways to increase revenue to relieve the negative effects of this crisis." Abadi explained "the investment of joint oil and gas fields with Kuwait and Iran be agreements with them will be reflected positively on the economic and financial reality of Iraq by increasing production and the large revenues, which will add financial abundance for the state budget." The Oil Minister Adel Abdul-Mahdi said from Vienna that "Iraq has begun negotiations with Iran and with Kuwait relating to the common fields and joint action among neighboring countries to facilitate and help each party to the other party which contributes to maximize production and diversity," ./ End