News ID: 206050
Published: 0308 GMT December 12, 2017

Iran’s five-month gas exports to Iraq up 64%

Iran’s five-month gas exports to Iraq up 64%

Iran announced that its exports of natural gas saw a huge rise over a period of five months starting March 21 which was a result of rising supplies to its western neighbor Iraq.

Behzad Babazadeh, the director for international affairs of the National Iranian Gas Company (NIGC), was quoted by Press TV as saying that the country had exported as much as 50 million cubic meters per day (mcm/d) of gas over the aforementioned period that marks the first five months after the start of the new Iranian calendar year.

The figure, Babazadeh said, marked an increase of 64 percent compared to a similar period last year.

He added that the rise in exports came as supplies to Iraq increased from 7 mcm/d to 14 mcm/d.

The official said exports to Iraq, themselves, had seen an increase of 100 percent from what the Islamic Republic had pledged to supply based on a contract signed between the two countries in 2013.

Babazadeh said the doubling of the supplies to Iran’s western neighbor had been implemented upon a request by Iraq that had wanted a rise in gas imports during summer.

The official said Iran would be committed to providing as high as 40 mcm/d of natural gas to Iraq upon the full implementation the 2013 agreement. That, he said, would then make Iraq the biggest client of Iranian natural gas.

Presently, Iran’s biggest gas client is Turkey which is importing 30 mcm/d from its eastern neighbor.


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