Iran to ink deal soon to export gas to Iraq’s Basra

Oil&Gas Materials 2 March 2015 14:57 (UTC +04:00)

Baku, Azerbaijan, Mar. 2

By Fatih Karimov - Trend: Iran will ink a deal in the near future to export gas to Iraq's city of Basra.

Alireza Kameli, managing director of National Iranian Gas Exports Company, said that the deal will be signed in the next Iranian fiscal year, which begins on March 21, and gas flow to Basra will start a year later, Iran's Shana news agency reported on March 2.

As much as 5 million cubic meters of gas will be exported to Basra in the first phase, and the volume will increase to 30 million cubic meters, he said.

The project duration is six years, he noted.

For next year, Iran plans to start delivering 5 mcm/d of gas to Iraq (Baghdad) and the volume will increase to 25 mcm/d in the future. Iran also has another contract with Iraq (Basrah) to deliver 35 mcm/d of gas, but piping the route is not expected to complete by the end of next year.