Iran has signed a contract to export 25mn cubic meters gas per day to Iraq, IRNA news agency has reported.
The news came from Iran’s oil minister Bijan Namdar Zanganeh, who is due to meet with his Iraqi counterpart in Tehran today to discuss the development of joint oilfields, the exports of Iranian gas to Iraq, and the trade of oil products between the two countries.
“Since Iraq is active with a high speech with assistance of foreign companies, we should step up efforts and definitely we will not wait and see the foreign companies come to help us,” said Iraq’s oil minister Adil Abd Al-Mahdi.
In November 2014, Iran’s ambassador to Iraq, Hassan Danaifar, said Iran could boost its annual exports to Iraq to $20bn, Tehran Times reported.
Iraq was the second biggest importer of Iranian non-oil goods during the last Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.
For that period Iran exported $5.9bn of non-oil goods to Iraq and imported $68.4mn of non-oil goods from the Arab country.
