75850
Gas Export to Iraq Stable at 12 mcm/d
Gas Export to Iraq Stable at 12 mcm/d

Gas Export to Iraq Stable at 12 mcm/d

Gas Export to Iraq Stable at 12 mcm/d

Iran’s daily gas supply to the Iraqi capital Baghdad has increased to 12 million cubic meters from about 7 mcm/d since supply began in June, the managing director of National Iranian Gas Company said on Tuesday.
“Gas exports to the southern city of Basra will probably start in March 2018,” IRNA quoted Hamidreza Araqi as saying, stressing that gas pipelines to the Iraqi cities make up Iran’s most important gas trade projects.
Iran began supplying Iraq with natural gas almost four years after the two countries signed a preliminary export deal.
Based on the terms of the agreement, exports will increase to 35 million cubic meters daily, nearly three times the current rate. The agreement includes two contracts, one to send gas to Baghdad and another to Basra.
On problems with Iraqi payments for the imports of Iranian gas, the official said financial barriers for receiving gas money from the western neighbor have been removed.
Oil Minister Bijan Namdar Zanganeh said in August Iranian and Iraqi banks did not connect easily, because most of the Iraqi banks were controlled and run by the Americans.
Araqi noted that the Iranian segment of the pipeline to Basra is ready, but the Iraqi administration has problems with the contractor of the Iraqi section.
“The contractor has pledged to complete the remaining segment in the next three months,” he added.
The war-ravaged Arab country needs Iran’s gas to feed three of its power plants and alleviate chronic outages that have sparked protests against the government in Baghdad in the past few years, particularly during the hot summer season when electricity demand soars.
Iraq has now become Iran's second largest gas customer behind Turkey, which imported about 21 mcm/d in 2016, according to the latest BP Statistical Review of World Energy.
Iran with 34 trillion cubic meters) and Russia (with 32.6 tcm) hold the largest proven gas reserves, according to BP.
The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.

 

Short URL : https://goo.gl/GgV3np
  1. https://goo.gl/iYBVJB
  • https://goo.gl/Jooex3
  • https://goo.gl/bPUjom
  • https://goo.gl/TVDhCH
  • https://goo.gl/pZPCSJ

You can also read ...

China on Pace for Record Solar Power Installations
China, the world’s biggest carbon emitter, is poised to...
Algiers, Tehran in Talks to Expand Energy Ties
Tehran is ready and willing to play a role in Algiers' joint...
Major repairs at Nouri plant are scheduled to start next month.
Nouri Petrochemical Company, one of Iran's top petrochemical...
IPO to Auction 41 Filling Stations in 14 Provinces
Iran Privatization Organization is scheduled to auction 41...
Zanganeh Says Most OPEC Members Back Extending Output Cuts
Oil Minister Bijan Namdar Zanganeh said on Monday that a...
Heavy oil from Iraq, Canada and Brazil are already replacing Venezuelan barrels.
As Venezuela’s dilapidated energy sector struggles to pump...
Crude Prices Lose Steam
Oil eased on Monday, as traders were reluctant to take on big...
India's Import of US Coal  Quadruples
India’s coal imports from North America quadrupled to 2.1...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus