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EghtesadOnline: Iran is to improve Iraq's power generation facilities and discuss banking issues, Iranian minister announced on Thursday.

The private sectors of the two countries would become active soon to improve electricity facilities in Iraq, Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said in a meeting in Baghdad with Iraqi Minister of Electricity Qassim Mohammed Al-Fahdawi.

According to IRNA, the two also held talks on the issue of Iran's financial demands from Iraq.

Iraq has to pay 850 million dollars to Iran for exports of electricity, noted the Iranian minister expressing hope that the neighboring country would extend the money soon.

Referring to Iraq's financial debts that are related to its gas imports from Iran, the minister underlined that the question should be solved between the two countries.

For his part, the Iraqi minister called for solving the financial issue through the central banks of the two countries.

Iranian industry minister at the head of a delegation arrived in Baghdad on Wednesday.

His three-day Iraq visit is aimed at discussing the ways to strengthen trade relations with the Iraqi officials.


Iran Power Generation Iran Iraq Iraq electricity facilities