Iran Inks Gas Pipeline Deal With Iraq And Syria

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By Farhad Pouladi (AFP) – 8 hours ago

TEHRAN — Iran, Iraq and Syria inked on Monday a Memorandum of Understanding for the construction of pipelines designed to deliver Iran's natural gas to the two Arab nations, local media reported.

"The overall cost of the project is estimated around $10 billion," deputy oil minister and chairman of the Iranian National Gas Company (NIGC), Javad Ouji, was quoted by the Mehr news agency as saying after the signing ceremony.

The construction of pipelines stretching for several thousand kilometres (miles) "should take three to five years once funding is secured," according to an estimate by Ouji on Sunday.

The MoU was signed in the southern Iranian port of Assalouyeh, the nation's gas hub, by Iraqi Oil Minister Abdelkarim al-Luaybi, his Syrian counterpart Sufian Allaw and Iran's oil ministry caretaker Mohammad Aliabadi, media reported.

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