Iran and Iraq reach new electricity, gas deals
Thu Jul 11, 2013 2:37AM
Iraq and Iran have singed agreements in the field of electricity and natural gas. Under a new deal, Iran will increase the volume of its electricity export to its immediate western neighbor. Iraq has also agreed to import Iranian natural gas to feed four of its electrical units.Iran has reached an agreement with Iraq to increase its electricity exports to its western neighbor. Nearly 150 megawatt of electricity is expected to be added to the volume of Iran’s electricity exports. The Iraqi Ministry of Electricity has also expressed its willingness to import about 25 million cubic meter of Iranian gas for its power plants, every day. The ministry stated that a 300 million dollar gas pipeline will be completed by the end of this year. The latest agreement is yet another sign of growing bound between the two neighboring states. Iraq will be Iran’s closest country to supply it with natural gas. The pipeline will stretch from Assaluyeh, near the massive offshore South Pars Gas Field in southern Iran, and will continue into neighboring Iraq to feed three Iraqi power plants running on gas. Despite being one of the largest exporters of oil, Iraq needs Iran to fill the shortage of natural gas. However, experts believe that Iraq will be able to produce natural gas over next few years. Many believe that Iraq will be a starting point for Iran to equip other countries such as Syria and Lebanon with electricity. Currently, Iraq relies on import of gas from abroad to fill the needs of its electricity plants. Iran is also supplying Iraq 1300 megawatts of electricity per a day. Delivering natural gas to Iraq to feed its power plants will help Iraq increase its own power production. Bara'a Afif, Press TV, Baghdad.