Iraq plans to complete work on a new contract on Iranian gas import, Press TV channel quoted Iraqi Vice Premier for Energy Hussein al-Shahristani as saying on Friday.
“We have already signed contracts with Iran to import gas for our power stations located in the central part of the country. We are going to sign another contract to import Iranian gas to the south,” Shahristani said.
In July 2013 the governments of Iran and Iraq concluded contract to deliver Iranian gas to the Iraqi power stations Baghdad, Sadr and Al-Mansoora.
Iran occupies the second place in the world after Russia on the natural gas resources.—0—
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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