By Micah Halpern
I've Been Thinking:
Iran is now exporting natural gas to Iraq. The Iranians are moving 7 million cubic meters of natural gas to Iraq per day. They hope to slowly increase to 35 million over the next few months.
Iran began sending the gas on Wednesday. It travels through a pipeline that goes directly through Basra, in southern Iraq, on the border of Iran, to Baghdad, the capital of Iraq. Iraq really needs the gas because their electric grid has been so devastated by the years of conflict.
"The long-awaited project finally went on stream after four years of delay due to the challenging security situation in war-torn Iraq" explained Amir Hussein Zamaninia, the deputy at the National Iranian oil company. The quote was reported in the Islamic Republic News Agency, IRNA, which is the official news agency of Iran.
Until yesterday, Turkey was the only country receiving natural gas from Iran. Now Iran has two important clients.
Micah@MicahHalpern.com
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