Tehran and Baghdad have agreed to extend the contract on Iran’s gas exports to Iraq for five years.
Iranian Labour News Agency
Tehran and Baghdad have agreed to extend the contract on Iran’s gas exports to Iraq for five years.
Seyed Mohammad Reza Damavandi, an expert on the South Caucasus region, has said that the most important energy trade between Iran and Armenia was the swap of gas and electricity.
Head of the National Iranian Gas Company (NIGC) said natural gas exports to Turkey are ongoing under the framework of the current 25-year contract between the two countries and negotiations are also underway for extending the deal.
Spokesman of the Petroleum Products Exporters Union Seyed Hamid Hosseini says Iraq realizes that Iran needs gas export revenues to Iraq, as the country is in critical condition and despite having money in the Iraqi bank accounts, it faces the problem of paying $200m for the purchase of medicines.
Iran’s former ambassador to Afghanistan believes Afghanistan will soon join the list of customers of Iran’s gas and this needs appropriate infrastructures.
Chief Executive of the National Iranian Gas Company (NIGC) Hamid-Reza Araghi said that Iran’s gas export volume to Armenia will increase in the current year.