Iran Press/Asia: The contract was signed in a ceremony attended by Ali Mojtaba Rozbahani, the Ambassador of the Islamic Republic of Iran to Turkmenistan, and Maksat Babayev, the Chairman of State Concern Turkmengas.Under the terms of the agreement, Turkmenistan will export up to 10 billion cubic meters of gas to Iraq through Iran's pipeline network.
This deal builds upon the successful gas swap arrangements between Turkmenistan and Azerbaijan through Iran in 2022 and 2023. The agreement highlights the growing energy cooperation between Iran and its neighbors in the region.
By facilitating the transit of Turkmen gas to Iraq, Iran is leveraging its strategic location and pipeline infrastructure to generate revenue and strengthen its ties with Central Asian countries. The swap arrangement also benefits Iraq, which has been grappling with energy shortages and high demand for natural gas to fuel its power plants and industrial sector.
The successful negotiation of this contract underscores the pragmatic approach adopted by Iran and Turkmenistan in addressing their energy needs and finding mutually beneficial solutions despite the complex geopolitical landscape in the region.
207
Read more:
Iran, Turkmenistan Food Industry Trading Increased by 35%
Iran, Turkmenistan Forge Partnership in Gas Industry
