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Iran is set to double natural gas exports to the Iraqi capital Baghdad in June. as part of a plan formulated between the two sides last year. a senior energy official said.
`As per the agreement. gas exports to the neighboring country`s capital initially averaged 6 million cubic meters per day … The amount currently stands at 8.5-9 mcm d and will reach 14 mcm d next month.` Behzad Babazadeh. the National Iranian Gas Company`s director for international affairs. was also quoted as saying by IRNA on Saturday.
`Gas exports to Baghdad are progressing well and expected to reach the final volume of 30-35 mcm d.` he added.
Baghdad started taking in Iranian gas on 21 June 2017under an agreement signed by the Iraqi Ministry of Electricity. The agreement was signed in 2013 and originally scheduled for a mid-2014 launch. but faced repeated delays over the volatile security situation in Iraq.
Iran-Iraq gas export contract is currently a six-year deal. but it can be extended.
