Iran to export gas to Iraq soon

Iranian deputy oil minister Hamid Reza Araqi, who is also the managing director of the National Iranian Gas Company (NIGC), said that Iran will export 3-4 million cubic meters (mcm) of natural gas per day to Iraq by summer.The Iranian official said that under the agreement, Iranian natural gas will be exported to Iraq in three stages. On July 2, 2013, Iran signed an agreement with Iraq to deliver natural gas to its western neighbor.Based on the agreement, 25 million cubic meters (mcm) of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through a pipeline.The 270-kilometer pipeline is estimated to earn Iran USD 3.7 billion a year in revenues.The pipeline will stretch from Assaluyeh, near the massive offshore South Pars oil and gas field in southern Iran, and will continue into neighboring Iraq to feed Iraqi power plants running on gas.