Iraq is ready to buy about 10 billion cubic meters of natural gas a year from Turkmenistan
The President of the Republic of Iraq is ready to pay an official visit to Turkmenistan in the near future. This is stated in the message of the Ministry of Foreign Affairs of Turkmenistan to the media following the visit of the Turkmen delegation headed by the chairman of the State Concern "Turkmengaz" from October 5 to 8 to Baghdad, distributed on Sunday through the state information agency TDH.
The message, in particular, notes that representatives of Turkmenistan were received by Iraqi Prime Minister Mohammed Shia al-Sudani who noted the desire of his country to develop comprehensive and mutually beneficial relations with Turkmenistan, including in the field of energy, as well as the readiness of the President of the Republic of Iraq to visit Turkmenistan.
It is noted that the Turkmen delegation held in-depth talks with the Minister of Electric Power Ziad Ali Fadel, during which a range of issues related to the organization of supplies of Turkmen natural gas to Iraq under the swap scheme through the territory of neighboring Iran were considered. At the same time, the Iraqi side will be ready to receive Turkmen natural gas in the amount of about 10 billion cubic meters annually.
The parties discussed in detail the legal, commercial, financial, organizational conditions for future joint activities in the gas industry, the message says.
As a result of the negotiations, a Memorandum of Understanding was signed between the State Concern "Turkmengaz" and the Ministry of Electric Power of Iraq.
The parties agreed to continue negotiations in Ashgabat at the International Exhibition and Conference "Oil and Gas of Turkmenistan - 2023".
"Turkmenistan, relying on its own rich positive experience of international cooperation in the energy sector, possessing huge reserves of hydrocarbon resources, having a wide range of potential partners, will firmly and consistently pursue a policy of further diversification of its energy supplies to world markets, including the development of the national gas industry, expansion of the multi-variant pipeline infrastructure, the sale of Turkmen natural gas to interested countries and companies based on international rules and practices in the gas industry", - it is said in the message of the Ministry of Foreign Affairs.
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