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Iran to resume export of gas to Iraq

Business Materials 1 March 2016 07:24 (UTC +04:00)
International relations director at the National Iranian Gas Company (NIGC) announced that Iran will start exporting gas to Iraq in spring
Iran to resume export of gas to Iraq

International relations director at the National Iranian Gas Company (NIGC) announced that Iran will start exporting gas to Iraq in spring, IRNA reported.

'Iran's gas to Baghdad to begin in coming months,' Azizollah Ramezani said.

Iran and Iraq have finalized the development plan for construction of the gas pipeline to carry gas to the neighboring Arab country, and its contract is in final stage of being drafted, he said.

"The Iraqi side has started the initial executive work too" Ramezani added.

The pipeline will be fed by the massive offshore South Pars gas field in southern Iran which it shares with Qatar in the Persian Gulf and is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensate.

Iraq needs Iranian gas for power generation to solve a part of its load-shedding problem which is causing unrests in parts of the country during hot summer days.

Besides the gas supply, Iran will also provide neighboring Iraq with training programs for its technical, financial and executive manpower.

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