Tehran, Iran (4E) – Baghdad and Tehran are set to sign a contract for the supply of 25 to 30 million tons of Iranian natural gas to Iraq starting 2013.
Iran’s Deputy Oil Minister Javad Oaji revealed Thursday that the contract is being finalized. Oaji is also the managing director of the National Iranian Gas Company.
The gas will be transported once the pipeline between Iran and Iraq is completed in March next year. The gas will come from Iran’s South Pars, which is part of a larger gas field shared with Qatar. The field holds about 494 trillion cubic feet of gas and more than 18 billion barrels of liquefied natural gas.
The gas will supply two power stations in Baghdad.
Iran ranks as the world’s second largest natural gas producer after Russia.