• BIST 2.864,25
  • Altın 1038.865
  • Dolar 17.9312
  • Euro 18.392
  • İstanbul 25 °C
  • Ankara 32 °C

Iran to increase natural gas exports to Iraq

Iran to increase natural gas exports to Iraq
Iran gas exports to Iraq may increase from 25 to 35 million cubic meters a day

Iran is planning to increase its natural gas exports to Iraq, Azizollah Ramezani, the director for international affairs of the National Iranian Gas Company (NIGC), said Wednesday, according to Iranian petro energy information network SHANA. 

Ramezani said Iran can raise its gas exports to Iraq from 25 to 35 million cubic meters (mcm) a day after completing a gas pipeline project. 

The 270-kilometer pipeline that runs from Iran’s western province of Kermanshah to the town of Naft Shahr on the border with Iraq was completed in late August, and is ready to supply 5 mcm of gas per day initially. 

However, this amount is planned to reach 10 mcm a day once it is linked to Iran’s gas trunk lines (IGATs) that is fed from the gas-rich South Pars gas field. 

Iran is expected to earn $3.7 billion a year in revenue from its gas exports to Iraq, according to SHANA. 

The gas is planned to be delivered to Iraq's city of Basra to generate electricity during summer months, Ramezani said.

Iraq has rich oil resources and is one of the biggest oil producing countries in the world. But, it exports most of its oil output to generate revenues for its basic needs. Currently, the country is struggling with an economic crisis, high number of refugees and the fight against Daesh militants. 

This news is a total 3815 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |