Iran is expected to start pumping gas to neighboring Iraq early next Persian calendar year, which starts on March 21, 2015, a deputy Iranian oil minister says.
“After the completion of infrastructure, pipe testing and the installation of measurement systems, Iran’s gas will be exported to Iraq early next year,” Deputy Oil Minister for International Affairs and Trade Ali Majedi said on Wednesday.
He added that Iran has agreed to export 25 million cubic meters (mcm) a day of gas to Iraq, adding that the gas delivery will start at seven mcm per day.
“The contract for Iran’s gas exports to Iraq had been [initially] struck for four years, but under an agreement recently reached between the two country’s energy ministers, the duration extended to 10 years,” said Majedi.
He noted that Iran has already built 80 percent of its 100-kilometer section of the 270-kilometer pipeline stretching from the village of Charmaleh, located in Iran’s western province of Kermanshah, into the town of Naft Shahr on the border with Iraq.
The pipeline, which is estimated to earn Iran USD 3.7 billion a year in revenues, will be fed by the massive offshore South Pars gas field in southern Iran.
The South Pars gas field, which Iran shares with Qatar in the Persian Gulf, is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensate.
By Press TV
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