The Iranian deputy minister of oil has announced that the gas export deal with Iraq is being finalized.
Majid Chegeni, who serves as Managing Director of National Iranian Gas Company (NIGC), also said that Turkiye is another country that is willing to extend agreement on buying gas from Iran.
During a visit to Baghdad in mid-May, Iran’s Oil Minister Javad Owji referred to two gas export contracts in place with Iraq noting that the two countries had agreed to extend the contracts in the next five years.
Managing Director of Iranian Gas Transmission Company Gholam-Abbas Hosseini had earlier said that the NIGC raised its natural gas exports in 2022 by 17%.
“The state-run company’s exports reached 17 billion cubic meters in 2021 and 20 bcm in 2022,” he was quoted as saying by IRNA news agency.
Turkey buys around a quarter of its 40 billion cubic meters of piped natural gas a year from Iran, the official said.
“Close to 30 million cubic meters of gas per day are also sold to Iraq. Natural gas swap with neighboring countries, including Turkmenistan, has also experienced a 138% growth over the period.”