Iran is on track to complete construction work on a 100 km pipeline, which will transport natural gas to Iraq, in the next four months.
Alireza Gharibi, Managing Director of Iranian Gas Engineering Development Company, stated that the pipeline is now 75% complete, with 80 km already built. Construction work on the Iraqi section will be carried out on schedule.
The new pipeline begins in Chahar Meleh village in the Ilam Province, western Iran, and runs to the city of Naftshahr, which is located on the Iran-Iraq border. Gharibi noted that the pipeline would carry 5 million m3/d of natural gas in the first stage and 10 million m3/d in the second stage.
Iran signed the first agreement with Iraq for the delivery of natural gas on 21 July 2013 in Baghdad. Rostam Qassemi, former Iranian Oil Minister, signed the agreement for the delivery of 25 million m3/d of gas from Assaluyeh, near the offshore South Pars oil and gas field in southern Iran, to power plants in Al-Baghdad and Al-Mansouriyah. The 270 km pipeline is expected to achieve revenues of approximately US$ 3.7 billion per year.