First Published: 2013-02-19

 

Iraq gives green light to gas pipeline deal with Iran, Syria

 

Cabinet statement says Oil has been instructed to sign deal, by which Iranian natural gas could be delivered in future to Europe as well.

 

Middle East Online

Construction of pipelines could take 3 to 5 years

BAGHDAD - Iraq on Tuesday gave the go-ahead for a framework agreement to be signed for the construction of pipelines through Iraqi territory that would deliver Iranian gas to Syria.

A cabinet statement said that Oil Minister Abdelkarim al-Luaybi had been instructed to sign the deal, by which Iranian natural gas could be delivered in the future to Europe as well.

In July last year, Iran, Iraq and Syria inked a memorandum of understanding for the gas pipelines, with Tehran saying that the total cost of the project would be about $10 billion.

The construction of pipelines stretching for several thousand kilometres (miles) "should take three to five years once funding is secured," Iran's deputy oil minister Javad Ouji said at the time.

Ouji said in July that the project calls for the construction of a 56-inch (142 centimetre) pipeline with a capacity of 110 million cubic metres a day, connecting southern Iranian port of Assalouyeh to Iraq and then to Syria, with the possibility of extending to Lebanon and Europe.

Iraq should initially receive about 20 million cubic metres a day for its power plants, and Syria between 20 and 25 million cubic metres a day, he said.

Iran has the second largest proven gas reserves in the world after Russia.

It currently consumes almost all of the approximately 600 million cubic metres (21.8 trillion cubic feet) per day of gas production, but hopes to double its output and export some 250 million cubic metres per day to its neighbours and to Europe from 2015 through developing a giant offshore gas field in the Gulf, which it shares with Qatar.

 

US backs Saudi-led intervention in Yemen

Saudi-led coalition keeps up raids against Yemen rebels

Assad says open to dialogue with US

US lawmakers threaten Iran with new sanctions

Oil prices fall after Yemen-inspired gains

Turkish parliament passes security bill after long debate

Turkey army chief of staff visits historic tomb inside Syria

Heavy Saudi raids force Sanaa residents to flee

Israeli Arab MP walks for Bedouins

Gulf stocks regain ground after early losses over Yemen

Kerry presses Iran on nuclear deal before deadline

Somali pirates seize Iranian fishing vessel

Borse Dubai sells big stake in London Stock Exchange

Can Arabs form joint military force?

Libya rivals discuss UN-backed peace proposals

French President to join 'anti-terror' march in Tunis

Sisi underscores Egypt’s rights to tap Nile water

US-led coalition aircraft bomb Tikrit

Saudi warplanes strike Yemen rebels in Sanaa

Netanyahu to form Israel new government after shock victory

Turkey military responds to Kurdish attacks in southeast

Leaders see horror of air crash as investigators step up probe

Fistfight in Iraqi Kurdish parliament

Syria rebels seize ancient town of Busra Sham

UN reveals plethora of abuses against activists in Libya

IS attack kills 5 militia fighters in Libya city of Sirte

Yemen President ‘in safety’ as rebel forces advance

US considering launching air strikes on Tikrit

Yemen Huthis seizes key airbase near Aden

'Feminist' policy costing dear to Sweden

Obama says row with Netanyahu ‘substantive’

Tunisia honours victims of deadly attack on national museum

Roadside bomb kills two Egypt soldiers in restive Sinai

‘Islamic State’ woos Syria children with money: More than 400 recruited in 2015 alone

Huthi-led militia push on southern Yemen

US envoy to Libya leaves Twitter after barrage of online abuse

US provides 'eye in the sky' to support Iraq Tikrit operation

Turkey prosecutors launch probe as ruling party rift grows

German airliner crashes in southern France with 150 on board

Egypt sacks spokesman who said Shaima al-Sabbagh was too thin

At least 30 killed in central Yemen clashes

Tunisia national museum reopening delayed over security concerns

Kuwait riot police disperse small opposition protest

Netanyahu apologises to Arab Israeli voters

Libyan pro-got warplanes target weapons depot near Tripoli