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FINANCIAL NEWS
Iran’s joint LNG trade with Iraq, Oman hits new heights
23 Jun 2016
(MENAFN) Iraq and Oman intend to buy LNG from Iran hence they are expecting to sign an agreement to supply gas from Jask terminal in southern Iran, according to the latest reports.
Iran has formed a 48-inch split from the Peace Pipeline to Jask terminal and after building the land pipelines, the rest of the route will be created in the Persian Gulf for the transfer of gas to Oman.
Additionally, as for Iraq, the LNG from Iran will be transferred to Iraqi Basra through the sea route therefore making it possible to export gas to Iraq both through pipeline and as LNG.
The export of natural gas from Iran to Iraq will start within three months, and it’s forecasted that gas shipments to the country will be seven million cubic meters per day in the first stage.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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