A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq.
“The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of National Iranian Gas Transmission Company, Mohammad Ali Emam, told Shana news agency on Sunday.
Iran has laid 100 kilometers of pipelines for the project through which 5 million cubic meters (mcm) of natural gas will be exported to Iraq daily in the first stage.
The two countries signed a deal on the exports of natural gas from the giant South Pars Gas Field to Iraq back in 2013.
Based on the agreement, 25 mcm of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through a 270-kilometer pipeline. The project is estimated to earn Iran $3.7 billion a year in revenues.
(Source: Tasnim, under Creative Commons licence)