Iran, Iraq, Syria to sign Islami pipeline contract on Monday

Oil&Gas Materials 22 July 2011 12:40 (UTC +04:00)

Azerbaijan , Baku, July 22 /Trend D.Khatinoglu/

Iran , Syria and Iraq's oil ministers will sign an Islami pipeline contract draft on 25 July, reported Mehr News Agency.

The 65-inch Islami pipeline, with a length of 5,600 km, is planned to transfer 110 million cubic meters of Iran's natural gas to Europe passing Iraq and Syria.

Negotiations around the construction of the Islami pipeline were carried out since 2009 among Iran, Iraq, and Syria. According to the Mehr report, these countries agreed on the final details to start constructing this $6 billion pipeline.

"Several European investors and financers agreed to put investment in the construction of the Islami pipeline", reported Mehr without indicating the European investors' names.

Iran says that the Islami Pipeline is planned to be complete by 2014.