Iran to start construction of gas pipeline to Iraq

Dec 29, 2012 12:00 AM

Iranian contractors will start construction of a 270-kilometer gas pipeline to Iraq in a bid to export 25mln cubic meters of gas to the neighboring country per day.



The 42-inch pipeline is slated to export Iran's gas to Iraq's al-Mansoureh power plant and Baghdad via Ilam border in Western Iran. 

Head of the National Iranian Gas Company (NIGC) Javad Oji also confirmed that the Iranian contractors have been commissioned to begin construction of Iran-Iraq gas pipeline in 2013. 

The pipeline will take Iran's gas from the country's South gas field phases in Southern Iran to the power plant in Iraq. 

Iran is currently producing 300 million cubic meters per day of gas from South Pars. 

Earlier in November, an Iranian deputy oil minister said a sum of 80 billion dollars will be invested in the development and completion of South Pars gas field phases. 

The South Pars gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, i.e. the North Dome, are in Qatar's territorial waters. 

The South Pars gas field holds 8 percent of total gas reserves of the world and half of the country's proven gas reserves as well as is the host of the most important industrial complexes of the country and the most important part of oil industry's value chain.

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