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Abbas Beheshti has been appointed as the Iranian special envoy for Iraqi affairs, who will facilitate gas exports between the two countries.
![Basra oilfield [Getty]](/sites/default/files/styles/large_16_9/public/media/images/29AB4914-4081-426C-96F4-DEE5DE45B83E.jpg?h=d1cb525d&itok=_XBHCfhs "Basra oilfield [Getty]")
Despite its many potential benefits for both countries, the Iraq-Jordan oil pipeline has yet to leave the drawing board.
OPEC expects global oil demand will grow by 4.2 million barrels per day on average next year as economic activity ramps up.
The International Energy Agency said OPEC+ spare oil capacity could fall below 4 million barrels per day in Q4 2022, down from 9 million in Q1 2021.
Jordan's PM said the country is committed to supporting Lebanon's stability and discussed ways to deliver Egyptian natural gas shipments via its territory and Syria.
Iran has been readying itself to sell millions of barrels held in stock should the nuclear deal with world powers be restored.
Iraq's oil minister told reporters in Baghdad $75-85 is an 'acceptable' price range for a barrel of crude in the long term.
India has reiterated that it could seek alternative energy sources amid high crude prices.