Iran, Iraq, Syria to sign contract to transit natural gas to Europe

14:02, July 23, 2011      

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Iran, Iraq and Syria will sign a contract for the transit of Iranian natural gas from the country's South Pars gas field to Europe, the English language satellite Press TV reported on Friday.

The contract will be signed between Iran's caretaker Oil Minister Mohammad Aliabadi and his Iraqi and Syrian counterparts at the Asalouyeh energy zone in Bushehr province on July 25, the report said.

Earlier this month, Iran and Iraq discussed cooperation on Iran 's gas transfer via Iraq and Syria to Europe during an official visit of Iranian First Vice President Mohammad-Reza Rahimi to Baghdad.

Iraqi ambassador to Iran Mohammad Majeed al-Sheikh also said on July 5 that the gas deal would allow Baghdad to use Iran's natural gas supplies.

In May, Iranian Deputy Oil Minister Javad Oji said under the deal, natural gas produced in Iran's South Pars oil and gas field will be pumped through Iran, Iraq and Syria to Lebanon and the Mediterranean Sea before reaching Europe.

The construction of the 5,600 km pipeline is estimated to cost five to six billion U.S. dollars, Oji added.

Oji said the pipeline would ultimately have the capacity to pump 110 million cubic meters of natural gas per day.

Iran has struggled for years to develop its world's second largest gas resources to Russia.

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