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    Iran to Start Supplying Gas to Iraq after March

Summary

Iran is expected to start supplying natural gas to Iraq in the next Iranian calendar year which starts on March 21, country’s petroleum minister has said.

by: Shardul

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Asia/Oceania

Iran to Start Supplying Gas to Iraq after March

Iran is expected to start supplying natural gas to Iraq in the next Iranian calendar year which starts on March 21, country’s petroleum minister has said.

Speaking on the latest situation of Iran-Iraq-Syria gas pipeline, the minister said a trilateral commission had been set up with satisfactory progress in technical issues.

He said that Iran-Iraq gas pipeline had progressed by 40 percent adding Iran’s gas will reach Baghdad next year.

Iran and Iraq last September signed an agreement where Iran will supply 25 m cu meter of gas daily . Iraq will use the Iranian gas for thee of its power stations in southern Baghdad.

Meanwhile, an official from National Iranian Oil Company has stated that Iran’s natural gas reserves will last up to 100 years.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.