ASHGABAT, Turkmenistan, November 11. The volume
of natural gas supplies from Turkmenistan to Iraq will quantity to
about 9 billion cubic meters per yr, Trend experiences.
The corresponding Protocol on the principle business phrases of the
settlement on the sale, buy and sale of Turkmen natural gas was
signed in Ashgabat following a gathering of representatives of the
Turkmenistan’s Turkmengaz State Concern with an Iraqi delegation
headed by the Minister of Electricity Ziad Ali Fadel.
According to the protocol, 9 billion cubic meters of
Turkmenistan’s natural gas will likely be transported yearly through
Iran to Iraq beneath the swap scheme for a interval of 5 years.
Meanwhile, in October of this yr, a Memorandum of
Understanding was signed between the Turkmengaz State Concern and
the Ministry of Electricity of Iraq.
This settlement is a crucial step within the growth of
cooperation between Turkmenistan and Iraq within the vitality sector. It
will enable Turkmenistan to diversify its gas exports and present
Iraq with steady vitality supplies.
According to the outcomes of this yr, gas manufacturing in
Turkmenistan is predicted to exceed 80 billion cubic meters, of
which about 73 billion cubic meters will likely be accounted for by
Turkmengaz, and exports are projected to quantity to about 40 billion
cubic meters, of which about 35 billion cubic meters will likely be
equipped by the state concern.