In a Tuesday meeting with Iran’s first vice-president in Baghdad, Iraqi President Fuad Masum hailed Iran's plans and measures to reduce dependence on the petrodollars.
He noted that the Arab country has formulated plans to reduce its budget’s dependence on the oil incomes, saying Iraq should use Iran’s experience in that regard.
The Iranian official, for his part, described the steep oil price reduction in recent months as a "political conspiracy”.
Eshaq Jahangiri noted that Iran has tried to turn the crisis into an opportunity, adding, "Now that we have faced a reduction in the oil price, we declare proudly that less than 30 percent of our administration’s budget relies on oil.”
Heading a high-ranking delegation, comprised of 5 ministers and 2 vice presidents, Jahangiri started a three-day tour of Iraq on Monday at the invitation of Iraqi Prime Minister Haider al-Abadi.