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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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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