Iran Signs $10 Billion Gas Deal With Syria, Iraq

Gas Field

First Posted: 07/25/11 08:18 AM ET Updated: 09/24/11 06:12 AM ET

THE CANADIAN PRESS -- TEHRAN, Iran - Iran has signed a preliminary $10 billion deal with Syria and Iraq to export its natural gas.

State television said under the memorandum of understanding signed Monday by the three countries' oil ministers, a 5,000 kilometre (3,100 mile) pipeline will be built to carry gas from the giant South Pars field.

The gas would be moved through Iraq, Syria, Lebanon and the Mediterranean, with Europe planned as the final export destination.
Deputy Oil Minister Javad Owji says the field has enough reserves to feed exports for the next 80 years, at a rate of 250 million cubic meters per day. The project is slated to take three to five years.

Iran sits atop 28 trillion cubic meters of gas -- the second largest reserves in the world.

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THE CANADIAN PRESS -- TEHRAN, Iran - Iran has signed a preliminary $10 billion deal with Syria and Iraq to export its natural gas. State television said under the memorandum of understanding signed...
THE CANADIAN PRESS -- TEHRAN, Iran - Iran has signed a preliminary $10 billion deal with Syria and Iraq to export its natural gas. State television said under the memorandum of understanding signed...
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11:59 PM on 07/25/2011
Iran has used both oil and gas as the means to bring his neighbors together. Unity is the most threatening weapon Iran has used against the divide-and-war Western policy of the past 60 years. Iran also proposed to build a pipeline through Pakistan to India, and dropped the original plan of bypassing Pakistan through the Indian ocean, in order to bring the three nations together. Through US pressure, the builders of the pipeline withdrew, Pakistan has been forced to postpone decision and now it is too unstable thanks to Obama's policy, and India finds Pakistan unreliable. These are the details that are not properly explained to the American people. Here Iran is uniting Iraq, Syria and Lebanon which would reduce tension as it produces interdependency.
We claim we want stability in ME, but there is no record of a single thing we have done to promote stability in 60 years of involvement.
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shergenius
sheergenius
12:48 AM on 07/26/2011
They can have the gas .. They cant bring it here and it can be used for many things.
02:55 AM on 07/27/2011
ok
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wom122
Primum non nocere
08:16 PM on 07/25/2011
With the current upheaval in the Near East, the logistical difficulties would be formidable.
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shergenius
sheergenius
12:45 AM on 07/26/2011
Please explain.
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wom122
Primum non nocere
07:05 PM on 07/26/2011
Our policy makers would have to consent to (or at least ignore) Iraq's participation in a common project with Iran. Syria is in a state of civil war for all practical purposes.
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Steve Rockett
01:40 PM on 07/25/2011
We need to shove a stick up their pipelines.
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shergenius
sheergenius
12:44 AM on 07/26/2011
Oh please why for??