World
        

Politics

Iran's gas to run to Europe through Iraq and Syria

Updated: 2011-05-11 16:28

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

TEHRAN - Iranian Deputy Oil Minister Javad Oji said Iran, Iraq and Syria will sign an agreement on the construction of a pipeline to transfer Iran's natural gas to Europe, Iran's Energy and Oil Information Network (Shana) reported on Wednesday.

Related readings:
Iran's gas to run to Europe through Iraq and SyriaIran says troops' stay unjustifiable after Bin Laden dead 
Iran's gas to run to Europe through Iraq and SyriaIran criticizes GCC's performance over Arab unrest 
Iran's gas to run to Europe through Iraq and SyriaIran's Navy to increase missile range 
Iran's gas to run to Europe through Iraq and SyriaIran hikes bread prices again amid ailing economy 

Oji said that the primary agreement on the project was reached last week in Baghdad and in the future the official agreement will be signed by the oil ministers of the three countries, said Shana.

Under the deal, natural gas produced in Iran's South Pars oil and gas field will be pumped through Iran, Iraq and Syria to Lebanon and the Mediterranean Sea before reaching Europe, he said, according to local satellite Press TV's Wednesday report.

The construction of the 5,600- kilometer (3,480-mile) pipeline is estimated to cost $5 billion to $6 billion, he said.

Oji said the pipeline would ultimately have the capacity to pump 110 million cubic meters of natural gas per day, said Press TV.  

Iran has the world's second largest gas reserves after Russia but has struggled for years to develop its oil and gas resources.

E-paper

War of the roses

European Chinese rose growers are beating their Chinese rivals at their own game

Preview of the coming issue
High-tech park gets big boost
At the source

European Edition

Specials

Sino-US Dialogue

China and the US hold the third round of the Strategic and Economic Dialogue on May 9-10 in Washington.

Drunk driving

Drunk drivers face a detention for one to six months and a revokation of their drivers' license.

V-Day parade

A military parade marking the 66th anniversary of the Soviet victory over Nazi.

High-tech park gets big boost
Learning to close the gap
The Cixi story