Iran plans to sell crude oil to China, Iraq and Afghanistan

Oil&Gas Materials 3 August 2014 12:50 (UTC +04:00)

Baku, Azerbaijan, Aug.3
By Fatih Karimov - Trend: Iran plans to sell crude oil to China, Iraq, and Afghanistan, Iran's Mehr news agency reported on August 3.

Mohsen Qamsari, director for international affairs of National Iranian Oil Company, said Iran has finalized deals with Afghanistan and China.

Managing Director of National Iranian Oil Products Distribution Company (NIOPDC) Mostafa Kashkouli said on August 1 that Iran is also assessing the conditions for exporting liquefied petroleum gas (LPG) to Iraq and Afghanistan.

The Islamic Republic is expected to start pumping gas to neighboring Iraq early next Persian calendar year, which starts on March 21, 2015.

The country has already built 80 percent of its 100-kilometer section of the 270-kilometer pipeline stretching from the village of Charmaleh, located in Iran's western province of Kermanshah, to Naft Shahr town on the border with Iraq.

The pipeline, which is estimated to earn Iran USD 3.7 billion a year in revenues, will be fed by the massive offshore South Pars gas field in southern Iran.

The South Pars gas field, which Iran shares with Qatar in the Persian Gulf, contains significant amounts of gas and condensate.