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Iran, Kuwait sign gas export deal

Isfahan, March 15, IRNA-Iran and Kuwait on Tuesday signed a deal for an average export of 10 million cubic meters of gas per day.

photo: ISNA

Speaking to reporters after signing the deal with Kuwaiti Oil Minister Sheikh Ahmad Fahad al-Ahmad al-Sabah here on Tuesday, Iran's Oil Minister Bijan Namdar Zanganeh said Iran would start exporting 10 million cubic meters of gas per day as of late 2007.

Zanganeh said the gas would be carried from Genaveh (Bushehr province) to Kuwait.

He said part of the gas would be exported through sea and part through Assalouyeh and Genaveh.

He added that taking current prices as the basis, the contract would earn the country more than seven billion dollars a year for a period of 25 years.

All points related to the agreement have been investigated and no problem is left unsolved, said Zanganeh, adding that legal accord pertaining to the export would be drafted and compiled in a matter of few months.

Earlier Tuesday, Iran inked a gas deal with Oman for export of 10 billion cubic meters of gas a year to that country as of 2006.

Under the deal, signed by Zanganeh and his Omani counterpart Mohammad bin Hamad al Rumhi on the sidelines of the 135th Ordinary Meeting of the OPEC Conference (March 5-16), Iran would export 10 billion cubic meters of gas to Omani sultanate through a underwater pipeline a year.

Under the lucrative deal the gas would be exported from Iran's Assalouyeh in southwestern Bushehr province as of 2006.

... Payvand News - 3/15/05 ... --

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