Azerbaijan, Baku, Nov. 4 / Trend R. Zamanov
Iran plans to export 25 million cubic meters of gas daily to Iraqi city of Basra, Deputy Oil Minister Hamidreza Araqi said on Monday.
"The contract will be signed in two weeks," the Fars News Agency quoted Araqi as saying.
"The previous administration had already signed a contract to export gas to Baghdad's power plants," he said.
Aragi, also the managing director of National Iranian Gas Company, went on to note that Tehran will export 4 million cubic meters of gas per day to Baghdad's power plants in the first phase, and increase the figure to 25 million cubic meters in the second phase.
Iran's Oil Minister Bijan Namdar Zanganeh said on October 30 that the country is also looking to sign deals for gas exports to Oman and the United Arab Emirates.
Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investment, especially in its South Pars Gas Field.
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