"It is possible for Iran to export natural gas to Kuwait through Iraq and this can take place if a contract for gas exports is signed between Iran and Kuwait," managing director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi was quoted by Shana news agency on Sunday.

"There is good potential to export gas to Kuwait through Iraq and this goal can be achieved by concluding a relevant contract with the Kuwaiti side," he added.

"Iran and Iraq seek to implement the gas export project as soon as possible…,” said the NIGEC head, adding that gas exports to Baghdad will start at 4 million cubic meters per day and can be increased to 35 cubic meters per day in future.

"Gas exports to Basra will start from 5 million cubic meters per day and will reach 30 million cubic meters, a year after an agreement is finalized," he was quoted by IRNA as saying.

The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.