Negotiations between Iran and Kuwait for the annual export of 300 million cubic meters of fresh water from Karkheh River to Kuwait have become final.

Iranian Energy Minister Habibollah Bitaraf stated that after finalization of bilateral talks a draft agreement had been drawn up, which will be implemented as soon as the text of the contract is approved by Parliament (Majlis).

"Annual supply of 300 million cubic meters of water to Kuwait would be carried out from surplus resources of Karkheh River and subsequent revenues would be used for the implementation of water supply and distribution projects in Khuzestan province," he said.

He noted that water transfer from Iran to Kuwait has been painstakingly studied by both countries’ experts and the project was economical.

With regard to electricity exports to Iraq, the minister also stated that an Iraqi delegation had negotiated with the Iranian sides for purchasing electricity, as well as electrical equipment and commodities needed by their oil industry and the two countries had reached an agreement in principle for supplying power to border areas and providing Iraq with technical and engineering services.

The minister noted that implementation of the general agreement depended on the follow-up by both countries’ expert delegations and signing an agreement on the subject.