Oil minister: Iran-Iraq pipeline to be finished by 2014
Azerbaijan, Baku, July 16/Trend M. Moezzi, D.Khatinoglu/
Operations to build a gas pipeline from Iran to Iraq will be completed in 2014, said Iran's Oil Minister Rostam Ghasemi.
Last year, Iran and Iraq signed an agreement that sends 25 million cubic meters of gas from the Western province of Ilam to the al-mansoureh and Baghdad power plants for fuel.
In other comments, Mr. Ghasemi said a necessary permit for transporting gas from Turkey to Europe had been issued.
The oil minister who was visiting the National Iranian Gas Company emphasised that important factories that owe the gas company money have to pay their bills.
Iran, which sits on the world's second largest natural gas reserves, is making efforts to boost its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.
However, according to BP statistics, released last month, Iran produced about 151.8 bcm of gas in 2011, while its gas consumption was 153.3 bcm during last year.
The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.