Iran to Boost Gas Supplies to Iraq

“Iran accepted to mount its gas exports to the neighboring country and will do so after endorsing the prepared MoU with Iraqi officials in this regard,” Director for international affairs of NIGC Azizollah Ramezani said.

Iran’s gas export to Iraq starts at 4mln cmpd and will reach 25 cmpd and then 35 mln cmpd as accorded.

Ramezani said offering technical, financial and executive training to Iraqi manpower is being discussed during the talks.

Gas delivery to Basra would come from Iran Gas Trunkline VI (IGAT 6) which transfers gas from the giant offshore South Pars gas field in southern Iran to the border province of Khuzestan.

Part of the gas to Iraq will be used for generation of gas to address some of the country’s electricity troubles.

Iraq is facing serious load-shedding and Iranian companies are operating 33 megaprojects, worth $1.5 billion, in Iraq for the time being.

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.

Iraq needs Iranian gas for power generation to solve a part of its load-shedding problem which is causing unrests in parts of the country during hot summer days.