Official: Iran-Iraq Draft Gas Deal Ready (FARS News Agency (Iran))

TEHRAN (FNA)- Iran has prepared the draft of a much-awaited agreement with Iraq to export natural gas to the Arab country, a senior energy official announced.

“The draft has been finalized after four days of discussions between the Iranian and Iraqi experts,” Azizollah Ramezani, the director for international affairs department of the National Iranian Gas Export Company (NIGEC), told reporters on Saturday.

Ramezani added that the text of the agreement will be forwarded to the relevant authorities for final approval.

“Iran and Iraq are expected to sign the agreement within the next two weeks and that exports of natural gas from Iran to Iraq will start accordingly,” the official said.

Tehran and Baghdad The signed a basic agreement for the export of natural gas from Iran’s South Pars gas field to Iraq in 2013.

Based on the agreement, a daily of 25 million cubic meters (mcm) of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through the 270-kilometer pipeline.

The volume will increase to 30 mcm per day during the hot seasons.

The project has been delayed over security concerns resulting from the war on the ISIL terrorists in Iraq.

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