19 Apr 2024
Sunday 28 September 2014 - 12:43
Story Code : 118804

Iran to build ten CNG stations in Iraq

[caption id="attachment_104791" align="alignright" width="195"] A CNG station in Iran (file photo)[/caption]
Iran plans toestablish at least 10 compressed natural gas (CNG)stations in neighboring Iraq, an Iranian official says.
Amir Vakilzadeh, an officialat the National Iranian Oil ProductsDistribution Company, said on Saturday that the construction of stations will start once a pipeline that would carry Iranian natural gas to Iraq has become operational by March 2015. He noted that the project will be carried out by Iranian private and state-run companies.

Based on a recent agreement signed between Tehran and Baghdad, 7 million cubic meters per day of Irans natural gas will be delivered to Iraq in the first phase.

Iran, which sits on the worlds largest gas reserves, intends to enhance gas production by increasing foreign and domestic investments, especially in its South Pars Gas Field.

South Pars is located in the Persian Gulf on the border between Iran and Qatar. The field is estimated to contain about 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.

By Press TV

 

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