Iran ready to export gas to Middle East

Oil&Gas Materials 25 July 2011 18:01 (UTC +04:00)

Azerbaijan, Baku, July 25 /Trend/

Iran is ready to sell its natural gas to Middle Eastern countries, SHANA reported quoting Mohammad Aliabadi as saying.

"Based on Middle Eastern countries' demand in gas, Iran is ready to supply gas to these countries alongside Iraq and Syria," he said.

Iran is intended to expand relations with neighboring countries and the newly signed pipeline contract would have deep effects on it, he added.

Iran signed one of the biggest gas deals in Middle East Monday with Iraq and Syria in Pars Special Economic Energy Zone (PSEEZ)

Foreign companies and a consortium formed by Iran, Syria and Iraq are expected to provide part of financing for the gas pipeline project and international consultant - to implement the pipeline construction.

The project requires $6 billion investment and will take three years to complete.

So far, 661 kilometers of the 1,500 km-long pipeline lying from Assaloyeh to Damascus has been constructed. Its transfer capacity is 110 million cubic meters of natural gas per day.