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Page added on May 24, 2015

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Iran to pump natural gas to Iraq next month

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Baghdad – The director of National Iranian Gas Company Hameed Reza announced that his country will start exporting natural gas to Iraq by next month.

The newspaper “Iran Daily” quoted Reza as saying, “The natural gas pumping process will begin next month after the end of final exams procedures on the pipeline,” noting that “export scheme could begin this month, but the two sides were not ready technically to start the process of pumping” .

The National Iranian Gas Company (NIGC) announced on April 20, 2015 that it had begun preliminary testing of 50km of pipelines in the final stage to export gas to Iraq, indicating that the export operations will begin after the completion of the second test.

IRAQINEWS



One Comment on "Iran to pump natural gas to Iraq next month"

  1. BobInget on Mon, 25th May 2015 12:55 pm 

    http://in.reuters.com/article/2015/04/30/india-iran-imports-idINL4N0XR4BK20150430

    India received six Iranian oil cargoes in April

    * Eight cargoes loaded for India from Iran in April

    * India’s Jan-April Iran oil imports more than halved y/y

    NEW DELHI, April 30 (Reuters) – India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran’s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

    Six Iranian vessels with about 264,000 barrels per day (bpd) of oil were received in April, the first month of the contract year, the data showed, and two more ships will reach Indian ports by the weekend.

    The eight cargoes were loaded with an average 316,000 bpd of Iranian oil, the data showed.

    The shipments from Iran in April are the highest since January. Last year in April, India received about 225,000 bpd.

    Everyone worries about China’s growth falling below 8% (US growth 2%) . In the mean time, India’s oil needs are slated to outstrip the US, the world’s second biggest importer behind China.

    While India’s crude needs may indeed go much higher, natural gas is slowly replacing oil and coal in India.

    NG doesn’t require elaborate refining capacity.
    Asian Refineries are already maxed out.

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