Iran to sign gas export deal with Iraq

Iran to sign gas export deal with Iraq
Sat Jul 20, 2013 19:07:53

Tehran and Baghdad are set to officially sign an agreement for Iran to supply natural gas to neighboring Iraq’s Baghdad and al-Mansouriyah power plants, an Iranian official says.

Deputy Iranian Oil Minister Javad Owji said Saturday that the agreement would be signed by Iranian Oil Minister Rostam Qasemi and his Iraqi counterpart, Abdul-Kareem Luaibi, in Baghdad on Sunday.

Noting that negotiations between the two countries’ officials have been under way since two and a half years ago, Owji said that Iran would be pumping 25 mcm per day of natural gas to the two Iraqis power plant.

The official stated that Iran would receive nearly $10 million a day and $3.7 billion a year from natural gas exports to Iraqi power plants.

This is while the construction of the “friendship” pipeline between Iran, Iraq and Syria has been under way since last year. The pipeline will be designed to enable gas delivery to other Muslim countries like Jordan and Lebanon in the future.

The pipeline will stretch from Assaluyeh, near the massive offshore South Pars Gas Field in southern Iran, and will continue into neighboring Iraq to feed Iraqi power plants running on gas.

Iran, which sits on the world's second largest natural gas reserves after Russia, is making efforts to up its gas production by increasing foreign and domestic investments, especially in South Pars Gas Field.


string(1182) "[{"id":"1438829","sort":"3055754","contenttypeid":"21","pic":"/2013/01/22/alalam-634944773784567326.jpg","title":"Iran discovers new oil & gas reserves"} ,{"id":"1450993","sort":"3055755","contenttypeid":"21","pic":"/2013/03/01/alalam_634977688928280794_25f_4x3.jpg","title":"Iran, Pakistan to start laying peace pipeline"} ,{"id":"1466052","sort":"3055756","contenttypeid":"21","pic":"/2013/04/19/alalam_635020022622617333_25f_4x3.jpg","title":"Iran gains $3.5b annually from natural gas export"} ,{"id":"1466053","sort":"3055757","contenttypeid":"21","pic":"/2013/04/19/alalam_635020035382463284_25f_4x3.jpg","title":"India to join Iran-Pakistan gas pipeline"} ,{"id":"1474293","sort":"3055758","contenttypeid":"21","pic":"/2013/05/14/alalam_635041518981794257_25f_4x3.jpg","title":"‘Iran gas income to surpass $10 bn annually’"} ,{"id":"1490438","sort":"3055759","contenttypeid":"21","pic":"/2013/07/02/alalam_635084013981484759_25f_4x3.jpg","title":"Iran non-oil exports hit $9.7 bln despite sanctions"} ,{"id":"1493910","sort":"3055760","contenttypeid":"21","pic":"/2013/07/11/alalam_635091783206993769_25f_4x3.jpg","title":"Iran gas production to reach 800 mcm per day"} ]"