Iraq to Strike New Gas Deal with Iran

Iran's Mehr news agency reports that Iraq will soon sign a deal with Iran to start importing 25 million cubic meters (mcm) of natural gas per day in 2013.

The Iranian gas will be used to power four Iraqi electricity plants.

The giant South Pars gas field (pictured) in the Persian Gulf is shared by Iran and Qatar. The Iranian share has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

(Source: Tehran Times)

(Photo credit: Alireza824)

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