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Iran launches exporting gas to Iraq

Business Materials 22 June 2017 11:00 (UTC +04:00)
Under a long awaited contract, Iran began exporting its gas to Iraq last night.
Iran launches exporting gas to Iraq

Baku, Azerbaijan, June 22

By Khalid Kazimov – Trend:

Under a long awaited contract, Iran began exporting its gas to Iraq last night.

Iran’s Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia has said that in the first phase, the country will export 7 million cubic meters of gas per day to the neighboring Iraq, IRNA reported.

The volume of Iran’s gas exports to Iraq will reach 35 million cubic meters (mcm) in future, he added.

Iran and Iraq earlier in 2013 signed two contracts on exporting 50 million cubic meters of gas per day to Baghdad and Basra power plants.

Iran, in order to increase the volume of its gas exports to Iraq needs to complete its sixth cross country gas pipeline (with a capacity for transferring 110 mcm/ day) stretched from south pars to Iraqi borders.

The cross-country pipeline is expected to be completed by March 2018.

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