Rostam Ghasemi, Iran-Iraq Economic Development Committee Chairman, heading an Iranian delegation signed the agreement during a visit to the Iraqi Kurdistan Regional Government (KRG) capital Arbil, said Abdullah Akerei, an official representing KRG in Iran, on Friday.
"The gasoline for the region’s power plants will also be supplied by the Islamic Republic of Iran,” the Kurdish official added.
He also provided positive evaluations of the recent negotiations between Tehran and Arbil, saying the region’s Premier Nechirvan Barzani had ordered all ministries to cooperate with the Iranian delegation.
According to the Akerei, the two parties also held talks last year and will continue their talks in the near future in a bid to boost bilateral ties.
On Wednesday, the high-ranking economic delegation, accompanied by a special team from Iran’s Oil Ministry, arrived in Arbil for a three-day official visit to the region.