Iranian Natural Gas to Iraq and Syria and On to Europe
Iran, Iraq and Syria on Monday signed a natural gas contract for the transit of Iranian natural gas from the country's South Pars field via a 5,000-kilometer pipeline to Iraq and Syria, and from there to Lebanon and the Mediterranean Sea and Europe.
The 10-billion-dollar agreement, said to be the biggest in the Middle East, was signed by Iran's Acting Oil Minister and Oil Ministers of Iraq and Syria [IRNA, 25 July].
Iraq, Syria and Lebanon will use between 30 to 40 million cubic meters of the natural gas daily between now and 2020. The pipeline daily capacity will be 110 million cubic meters. The project will take three to five years to be completed.