Iran will sign a $10 billion contract tomorrow to export natural gas to Iraq and Syria, the Oil Ministry said on its news website, citing remarks yesterday by Javad Owji,
National Iranian Gas Co.’s managing director.
The gas will be shipped from the South Pars field via a new pipeline route that may take three to five years to build and will be mapped once the agreement has been signed, according to the report on the Shana website.
Iran and Syria signed a preliminary agreement on Jan. 19 for the construction of a 2,000-kilometer (1,250-mile) network to carry Iranian gas via a 56-inch (142-centimeter) pipeline.
Iran holds the world’s second-largest gas reserves. The Shama report didn’t disclose details of the contract.
Source: Bloomberg
