AMMAN, Jordan—The oil ministers of Iraq, Iran and Syria Monday signed a preliminary agreement for a $10 billion natural-gas-pipeline deal, the official Iranian News Agency IRNA and other Iranian media reported.
The document was inked in the Assalouyeh industrial region located in the southern province of Bushehr by Iranian oil minister Mohammad Aliabadi, Iraq’s oil minister Abdul Kareem Luaiby, and Syrian counterpart Sufian Alow, the agency said.
Iraqi oil officials confirmed that Mr. Luaiby was in Iran to sign the agreement. They gave no further details.
Iranian oil officials said Syria would purchase between 20 million to 25 million cubic meters a day of Iranian gas. Iraq has already signed a deal with Tehran to purchase up to 25 million cubic meters a day to feed its power stations.
The project requires some $10 billion investment and will be constructed within three years, the semi-official Iranian news agency Mehr reported.
The pipeline length is more than 1,500 kilometers and will run from Assalouyeh to Damascus while passing through Iraq, with a transfer capacity of 110 million cubic meters of natural gas a day, it said.
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