Iran is planning to discuss its natural gas transfer to Europe through Iraq and Syria. Iraq's Ambassador to Tehran, Mohammad Majeed al-Sheikh said Tehran and Baghdad are set to discuss transferring Iran's natural gas to Europe via Iraq and Syria.
Iran has the world's second largest natural gas reserves after Russia.
The gas deal would allow Baghdad to use Iran's natural gas supplies, the Iraqi ambassador said.
In May, Iranian Deputy Oil Minister Javad Oji said Iran, Iraq and Syria will sign an agreement on the construction of a pipeline to transfer Iran's natural gas to Europe.
Oji said that the primary agreement on the project was reached in Baghdad and in the future the official agreement will be signed by the oil ministers of the three countries.
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, he said.
The construction of the 5,600 km pipeline is estimated to cost 5-6 billion dollars, he added.
Oji said the pipeline would ultimately have the capacity to pump 110 million cubic meters of natural gas per day.
... Payvand News - 07/07/11 ... --