Volume. 12227

Tehran, Baghdad to sign major gas deal
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altTEHRAN— The first contract of exporting Iranian natural gas to Iraq will be formally inked by the next two months, an official at Iran’s oil ministry announced.

SHANA news agency quoted the caretaker of the National Iranian Gas Exporting Company, Hossein Bidarmaghz, as saying on Sunday that according to the preliminary deal Iran’s gas will be transited through Ilam border for feeding three Iraqi power plants.

Based on the agreement with Iraqi energy ministry, by completing the project in the next 1.5 years Iran will export 25 million cubic meters of natural gas per day to Iraq, he added. 

Bidarmaghz said that currently three plans of constructing the gas pipeline from Iran to Iraq are on agenda, which the mentioned pipeline to feed Iraqi power plants is one of them. Exporting gas to Kurdistan, and Iran-Iraq-Syria gas pipeline are the other projects, he added.

The project of constructing gas pipeline between Iran and Kurdistan is in the feasibility stage, the official said.

On the other hand, on July, Iran, Iraq, and Syria signed the deal for the construction of the Middle East’s largest gas pipeline, which would transit Iranian gas from Iran’s South Pars gas field to Europe via Lebanon and the Mediterranean Sea.

Iran has the second largest proven gas reserves in the world after Russia. Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day. 

By 2020, Syria will need about 15 to 20 million cubic meters of gas per day and Lebanon will need about five to seven million cubic meters of gas per day.

According to projections, Iran’s gas output will double in the next two or three years due to the expansion of gas fields, which will make it possible for the country to export 250 million cubic meters of gas per day

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