13 September 2011
National Iranian Gas Exporting Company (NIGEC) has announced that the first contract to export natural gas to Iraq will be signed within the next two months.
The company's caretaker, Hussein Bidarmaghz, said on Sunday that according to the initial contract, gas from Iran will be transited via Ilam border to feed three Iraqi power plants but the final agreement will be inked within two months, Shana reported.
The official stated that based on the agreement with the Iraqi energy ministry, Iran will export 25 million cubic meters of natural gas per day to Iraq in the next 18 months.
Bidarmaghz recalled that the Iraqi Ministry of Electricity has signed a contract with an Iranian company for laying the gas pipeline in its territory.
Iran has the world's second largest natural gas reserves after Russia, and holds almost 16 percent of the world's total reserves.
The Islamic Republic is the second largest oil producer of the Organization of the Petroleum Exporting Countries (OPEC).
Earlier in July, Iran, Iraq and Syria signed the Middle East's biggest gas contract for the transit of Iranian gas from South Pars gas field to Europe via Lebanon and the Mediterranean Sea.
Based on the deal, Iranian gas would be transited to European countries, including Greece, via a 5,000-kilometer pipeline from Iraq, Syria, Lebanon and the Mediterranean Sea.
Iraq had already said that it needed between 10 to 15 million cubic meters of Iran's gas, Syria about 15 to 20 million cubic meters, and Lebanon about five to seven million cubic meters until 2020.
National Iranian Gas Exporting Company (NIGEC) has announced that the first contract to export natural gas to Iraq will be signed within the next two months.
The company's caretaker, Hussein Bidarmaghz, said on Sunday that according to the initial contract, gas from Iran will be transited via Ilam border to feed three Iraqi power plants but the final agreement will be inked within two months, Shana reported.
The official stated that based on the agreement with the Iraqi energy ministry, Iran will export 25 million cubic meters of natural gas per day to Iraq in the next 18 months.
Bidarmaghz recalled that the Iraqi Ministry of Electricity has signed a contract with an Iranian company for laying the gas pipeline in its territory.
Iran has the world's second largest natural gas reserves after Russia, and holds almost 16 percent of the world's total reserves.
The Islamic Republic is the second largest oil producer of the Organization of the Petroleum Exporting Countries (OPEC).
Earlier in July, Iran, Iraq and Syria signed the Middle East's biggest gas contract for the transit of Iranian gas from South Pars gas field to Europe via Lebanon and the Mediterranean Sea.
Based on the deal, Iranian gas would be transited to European countries, including Greece, via a 5,000-kilometer pipeline from Iraq, Syria, Lebanon and the Mediterranean Sea.
Iraq had already said that it needed between 10 to 15 million cubic meters of Iran's gas, Syria about 15 to 20 million cubic meters, and Lebanon about five to seven million cubic meters until 2020.
© Iran Daily 2011
