MOE reveals details of the contract to supply Turkmen gas to Iraq

Baghdad - INA

Minister of Electricity, Ziad Ali Fadhil, revealed today, Saturday, the contract to supply Turkmen gas to Iraq.

Minister of Electricity Ziyad Ali Fadhil told the Iraqi News Agency (INA): "Under the patronage of Prime Minister Mohammed Shia al-Sudani and within the government program for energy diversification in Iraq, we are witnessing today, in the presence of the Minister of Energy of Turkmenistan, the signing of a contract to supply gas from Turkmenistan to Iraq via gas pipelines to the Iranian side," noting that "the contract will guarantee the supply of 10 million cubic meters in the winter and 20 million cubic meters in the summer.".

He added that "the ministry will work to activate the agreement quickly through the Trade Bank of Iraq," indicating that "the important condition included in the contract is that in the event of any problem in supplying gas, it will be compensated with the same quantity of gas.".

He explained: "Through this contract, many problems have been addressed because the contract will include a first start in supplying gas, and in the future, we will work to develop our Iraqi fields within the government program and they will be sources to enhance energy to rely on local energy, and we in the Ministry of Electricity have diversified energy sources to ensure energy stability," noting that "within the contract, we will guarantee the operation of the units in the summer and production levels will be higher.".

In turn, Turkmen State Minister for Gas Affairs, Maksad Babayev, told the Iraqi News Agency (INA): "We thank the Minister of Electricity and the Iraqi government for their support in developing relations regarding energy, participation and supplying gas to Iraq. Today, we are happy with this event and we were able to achieve good results."