Iran Boosting Gas Exports to Iraq

Date: 15 May 2019 - 21:27

News ID: ۶۶۰۳۴

TEHRAN (Dispatches) – Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.
Montazer Torbati told media that Iran’s gas exports to Iraq are constantly increasing and nearing a ceiling set on the contract between the two neighbors.
He noted that the exports will be rising as the hot season is looming with a surge in Iraq’s electricity consumption, adding that the daily export is expected to hit 40 million cubic meters.
Baghdad and Basra are the main export destinations of Iranian natural gas, the official added.
On a gas deal with Turkey, Montazer Torbati said Tehran and Ankara are planned to enter negotiations to extend the gas export contract during the last five years of the deal, adding that serious talks to renew the contract will kick off next year.
In June 2017, Iran started to export natural gas to Iraq after years of negotiations and settlement of financial problems.