Photo by Ian Simmonds on Unsplash Image used for illustrative purpose only.
1 minute read

Iraq signs 5-year gas purchase agreement with Iran

Gas will be used to cope with peak demand.

Iraq’s Ministry of Electricity announced on Wednesday that it has signed a contract with an Iranian company to procure gas for a period of five years.

The ministry said in a statement published by Iraqi News Agency (INA) that ” the Minister of Electricity Ziyad Ali Fadel signed a gas supply contract with the Iranian National Gas Company for a period of five years, at pumping rates of up to 50 million cubic metres per day.”

It added that “this quantity will vary according to the system’s needs,” indicating that “this aims to sustain the momentum of power production stations, and to cope with peak loads and the increasing demand for electrical energy, until the rehabilitation of national gas fields is completed and the electricity needs are met.”

Legal Disclaimer:
Zawya
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • LNG and Industrial Gases
    1 minute read

    Technip Energies awarded new contract at…

    19 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    3 minutes read

    McDermott Selected by Abraxas Power for…

    19 Jun. 2024 | Global Flow Control
  • Mining and Metals
    2 minutes read

    Occidental Petroleum and Berkshire Hathaway Join…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    2 minutes read

    USA invests $126 Million in Indonesian…

    18 Jun. 2024 | Global Flow Control