Iran has signed an agreement with Iraq for delivery of natural gas to the country, Iranian deputy oil minister announced today.
“Based on this agreement, 25 million cubic meters of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through pipeline,” Mohammad Javad Owji said in Baghdad today. (IRNA/Press TV, 21 July)
The agreement was signed in the Iraqi capital by Iran’s Oil Minister Rostam Qasemi and his Iraqi counterpart, Abdul Kareem Luaibi.
“By signing this deal, Iran will earn USD 10 million a day and USD 3.7 billion a year in revenues,” Owji said.
He added that Iran has already completed the construction of its 227-kilometer section of the pipeline to carry natural gas to Iraq, and the 270-kilometer Iraqi section will be completed in one or two months.
The pipeline will stretch from Assaluyeh, near the massive offshore South Pars gas field in southern Iran, and will continue into Iraq.
File photo: South Pars gas field installation in Assaluyeh, southern Iran (IRNA)