Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year
Representatives of the State Concern "Turkmengaz" met with the delegation of the Republic of Iraq headed by the Minister of Electric Power Industry Ziad Ali Fadel in Ashgabat.
During the meeting, the parties discussed issues related to the organization of supplies of Turkmen natural gas to Iraq under the SWAP scheme through the territory of neighboring Iran. The legal, commercial, financial, and organizational conditions for future joint activities in the gas industry were discussed in detail, the TDH state information agency reports.
Earlier, a Memorandum of Understanding was signed between the State Concern "Turkmengaz" and the Ministry of Electric Power of the Republic of Iraq.
Following the results of the current meeting, a protocol was signed on the main commercial terms of the agreement on the sale, purchase and sale of Turkmen natural gas to the Republic of Iraq. According to the protocol, 9 billion cubic meters of Turkmen natural gas will be transported annually through Iran to Iraq under the SWAP scheme for a period of 5 years.
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