Financial Tribune - Iran and Iraq signed a memorandum of understanding for boosting energy collaboration and renovating Iraq’s power infrastructure.

The agreement was reached after two days of talks between Iran’s Energy Minister Reza Ardakanian and Iraq's Minister of Electricity Luay Al Khateeb on Thursday in Baghdad, IRNA reported.

The MoU includes agreements to develop and expand cooperation in the key energy sector, including sharing expertise in production, transportation and distribution of electricity, as well as export of gas and power to the neighboring Arab country.