Iraq to Import More Iranian Gas

Iraq has reached new agreements with Iran to increase natural gas import, the spokesman of Iraq’s Ministry of Electricity said.
“Iran has agreed to increase gas supply to Iraq from 8 million cubic meters per day to 30 mcm a day, as part of a new understanding reached between the two countries,” Ahmad Musa al-Ebadi added.
The National Iranian Gas Company produces close to 850 million cubic meters of gas per day, of which 90% are used domestically and the rest is exported.
According to the official, Iraq has provided guarantees to Iran that it will pay its arrears on previous energy imports in installments over the next three years, the Oil Ministry’s news agency Shana reported.