By mid-2015 Iran is going to deliver 40 million cub.m. of natural gas a day to Iraq, Ali Reza Kameli, President of Iranian export gas export, said yesterday.
“Export of natural gas to Iraq will increase gradually from 7 to 25 million cub.m. by early 2015 and up to 40 billion cub.m. by mid-2025,” Independent News Agency quoted Kameli as saying.
In June 2013 Iran and Iraq agreed to start Iran gas export to Iraq in July 2014. Gas imported from Iran will be consumed by the power stations of Baghdad, El-Mansooriya and Es-Sadr cities. It will be delivered to Iraq via the 270-km-long gas pipeline.
In the coming weeks another agreement on delivery of 50 million cub.m. of Iranian gas a day to Basra city on the south of Iraq could be signed, Russian Oil quoted Kameli said as saying.—0—
Economics
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Azerbaijan's State Statistics Committee announced on Tuesday that the monthly statistical reporting system for retail sales and services has been revised to enhance transparency and accuracy.
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The State Oil Company of Azerbaijan (SOCAR) is examining opportunities in geothermal energy in partnership with U.S. companies as part of Azerbaijan's efforts to advance renewable energy. SOCAR President Rovshan Najaf and John Wallace, CEO of DeGolyer and MacNaughton, met in Baku to discuss initiatives including geothermal energy projects and carbon capture, utilization, and storage (CCUS) technologies, SOCAR announced on Tuesday.
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On Tuesday, the Turan E-Commerce and Export Forum in Baku unveiled the new "Made in Turan" trademark, marking a bold step toward uniting the economic potential of Turkic states under a single label. This initiative aims to stimulate trade and strengthen economic ties among the member states of the Organization of Turkic States (OTS).
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According to the State Customs Committee, food import expenditures in Azerbaijan rose by 10.2% in the first ten months of 2024 compared to the same period last year, reaching a record $1.97 billion. This increase, driven by growing demand for vegetables, fruits, tea, rice, and animal products, highlights the country's rising dependence on imported food despite government efforts to boost domestic agricultural production.
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