Iran- Iraq negotiate gas transfer to Europe

Oil&Gas Materials 6 July 2011 14:20 (UTC +04:00)

Azerbaijan, Baku, July 6/Trend/

Iran and Iraq have scheduled negotiations for the transfer of Iran's gas to Europe through Iraq. The negotiations were made during a trip to Baghdad by Iran's Vice President, PressTv reported quoting Iraq's Ambassador to Iran Mohammad Majid Al Sheikh as saying.

"It's expected that the two countries will discuss the transfer of Iran's gas to Europe through Iraqi soil during Iran's first VP Mohammad Reza Rahimi's visit," he said.

The gas contract enables Iraq to use Iran's gas exports. More than 10 commercial agreements will be signed during Rahimi's visit, he added.

The volume of Iran- Iraq trade is predicted to increase to more than $6 billion by the end of the current solar year, which began on March 20, 2011.

Iran, Iraq and Syria will sign a contract to transfer Iran's gas to Europe, Deputy of Oil Ministry Javad Ouji said on May.

According to the contract Iran's gas from South Pars will be transferred through Iraq and Syria to Lebanon, and then to be exported to Europe through the Mediterranean Sea.

Heading a business delegation, Iran's first VP Mohammad Rahimi is visiting Iraq on Wednesday to discuss economical ties with Iraqi officials.