Arab Today, arab today iran signs major deal to export gas to iraq
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

Iran signs major deal to export gas to Iraq

Arab Today, arab today

Arab Today, arab today Iran signs major deal to export gas to Iraq

Tehran - AFP

Iran has finalised a major contract to export gas to neighbouring Iraq, worth 3.7 billion dollars a year, local media on Monday quoted a deputy oil minister as saying. It was unclear how the transaction would be conducted as Iran\'s access to the global banking system is targeted by international sanctions over its nuclear ambitions. Under the terms of the contract signed in Baghdad on Sunday, Iran will eventually feed Iraqi refineries with 25 million cubic metres of gas per day, Javad Ouji said, quoted by the news website of Iran\'s oil ministry, Shana. This is Iran\'s largest reported gas deal to date. It has a $7.5 billion gas pipeline project with Pakistan, to export 21 million cubic metres (742 million cubic feet) per day, but the plan has repeatedly run into trouble amid US opposition to the deal agreed in 2010. Iran sits on the world\'s second largest natural gas reserves and currently produces some 600 million cubic metres a day, almost all of which is consumed domestically due to lack of exports means. Ouji, speaking after the signing ceremony on Sunday, said the gas export will be transported through a 227-kilometre (141-mile) pipeline under construction in the western province of Ilam. It will then go through a 270-kilometre pipeline in Iraq due for completion \"within one or two months,\" said Ouji, who heads the National Iranian Gas Company (NIGC). The report came after Iran\'s outgoing President Mahmoud Ahmadinejad paid a two-day visit to Iraq. Shiite powerhouse Iran and Iraq, which fought a deadly war the 1980s, have become close allies since the 2003 fall of Saddam Hussein and the rise to power of a Shiite-dominated government in Baghdad. According to Ouji, the two neighbours are also considering a second contract for an additional daily amount of 20 million cubic metres of gas to be exported to Iraq.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran signs major deal to export gas to iraq Arab Today, arab today iran signs major deal to export gas to iraq

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran signs major deal to export gas to iraq Arab Today, arab today iran signs major deal to export gas to iraq

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday