Iran to Increase Gas Exports to Iraq: Official

News ID: 854655 Service: Economy
عزیز الله رمضانی

TEHRAN (Tasnim) – An Iranian gas official announced that Iran will boost its gas supplies to Iraq by 10 million cubic meters a day after Tehran and Baghdad made an amendment to their previous gas contract.

“Based on the original contract for the export of Iran’s (natural) gas to Iraq, Iran was supposed to export 25 million cubic meters per day,” Director of the National Iranian Gas Company (NIGC) for International Affairs Azizollah Ramezani told SHANA on Wednesday.

With the new amendment, Iran’s gas supplies to the neighboring country will be increased to 35 million cubic meters per day, he added.

He further stressed that the deal will serve the interests of both countries.

Back in August, Ramezani had announced that a draft agreement to export Iran’s natural gas to Iraq had been prepared after intensive talks between the two countries’ officials.

Iranian and Iraqi oil ministers on July 21, 2013, signed the first deal to transfer Iran’s natural gas to two Iraqi power plants.

Based on the agreement, Iran supplies Al-Baghdad and Al-Mansouriyah power plants in Iraq with 25 mcm/d of natural gas.

Iran, which has the largest gas reserves in the world, seeks to enhance gas production by increasing foreign and domestic investments.

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