Iraq considers natural gas and oil ties to Iran

Pipelines to and from Iran seen as way to ease fuel demands for power plants and diversify oil export options.
Iraq considers natural gas and oil ties to Iran
Iraqi President Jalal Talabani (R) shakes hands with Iranian President Mahmoud Ahmadinejad (L) on March 2, 2008 at the Talabani residence in Baghdad, Iraq. Iranian President Mahmoud Ahmadinejad was making a landmark visit to Baghdad to improve relations between the once warring countries. (WATHIQ KHUZAIE/Getty Images)

Iraq has held numerous high-level meetings with Iran over the past months as it moves toward final-stage agreements with its fellow hydrocarbons-rich neighbor on oil and gas pipelines.A top official in Iraq's Electricity Ministry has confirmed the buzz that Iraq may import natural gas from Iran to meet the fuel demand of the country's struggling power plants.In addition, the two countries have revived and altered a two-year-old plan to build an oil pipeline from Iraq to Iran, with discus...

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