Iraq to become Iran’s top gas importer

Iraq will become Iran’s top gas importer by importing 40 million cubic meters (mcm) of gas per day to Baghdad.

The official said at first the two countries had signed a four-year deal, which was extended to 10 years after the Iraqi and Iranian oil ministers reached a new agreement.

“Iraq has requested that the contract’s period should be as long as the Iraqi government’s tenure,” he said.

“After completing the construction of the pipeline and testing it, gas export to Iraq will certainly begin as of the end of the current Iranian year (March 20, 2015) or the beginning of next year,” he said.

The pipeline should have become operational last year. However, due to some security problems in Iraq and the difficulties faced by Iran for buying equipments, caused by the imposition of Western sanctions on Tehran, the process of establishing the pipeline took longer.

Full article: Iraq to become Iran’s top gas importer (Zawya)

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