| Iran offered on Friday to help Iraqi reconstruction efforts by offering its former enemy an oil swap arrangement that could help Baghdad boost crude export revenues. Iranian Foreign Minister Kamal Kharazzi also promised a credit facility of up to $300 million and offered cross-border electricity and gas supplies. "We stand ready to supply our electricity and gas to Iraq and to facilitate its oil exports through our oil terminals or enter into a swap arrangement that can amount to 350,000 barrels per day," Kharazzi said in the text of a speech he is due to deliver to a donors' conference on Iraq. "We have envisaged a comprehensive package of economic cooperation comprising development aid, investment, trade, tourism, project financing and so on," the text said. |