ENERGY

Iran has exported 1.2 billion cubic meters of gas to Iraq since June

Natural gas refinery in the South Pars gas field in Asalouyeh, Iran. (AP)

Iran has exported 1.2 billion cubic meters of gas to Iraq since late June, the managing director for the Iranian Gas Transmission Company, Saeed Tavakoli, said Saturday, according to SHANA, the website of the Iranian oil ministry.

Iran has planned for the export of up to 25 million cubic meters of gas per day to Baghdad, Tavakoli said.

The neighbors, both members of the Organization of the Petroleum Exporting Countries, initially signed a deal in 2013 for Iran to supply Iraqi power stations, but officials in the past blamed poor security in Iraq for hampering implementation.

Iran signed two contracts to export gas, one for the Iraqi capital Baghdad and the other for southern Iraqi city of Basra, Iranian state media reported in June.

Tavakoli said on Saturday that exports of up to 25 million cubic meters of gas per day to Basra will start as soon as Iraq is ready.

Iran, which has huge gas reserves alongside its oil resources, exports small amounts of gas to Turkey but production has struggled to keep pace with rising domestic consumption.

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Last Update: Saturday, 18 November 2017 KSA 20:25 - GMT 17:25
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