IRAQ TO GET IRAN GAS

Qatar Today - - BUSINESS -

Iran will start ex­port­ing nat­u­ral gas sup­plies to Iraq be­fore the end of the cur­rent Ira­nian year (ends March 19, 2016), says se­nior energy of­fi­cial ac­cord­ing to Is­lamic Re­pub­lic News Agency (IRNA).

“Ex­port of Iran's gas to Iraq will hap­pen by trans­fer­ring 5-7 mil­lion cu­bic me­ters per day (MCMD),” says Min­is­ter Hamid Reza Araqi, Man­ag­ing Di­rec­tor of Na­tional Ira­nian Gas Com­pany. He says that gas ex­ports to Iraq will in­crease in the next two years af­ter Iran starts trans­fer­ring sup­plies to the neigh­bour­ing coun­try via the two pipe­lines to Bagh­dad and Basra. Iran has agreed to even­tu­ally ex­port 25 MCMD of gas to Iraq. The 270-kilo­me­ter pipeline stretches from the vil­lage of Char­maleh, lo­cated in Iran's western province of Ker­man­shah, to the town of Naft Shahr on the bor­der with Iraq.The pipeline, which is es­ti­mated to earn Iran $3.7 bil­lion (QR13.47 bil­lion) a year in rev­enues, will be fed by the mas­sive off­shore South Pars gas field in south­ern Iran.

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