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As previously reported, the delegation of Turkmenistan led by the Minister of State, Chairman of the State Concern “Turkmengas” Maksat Babayev visited Iraq on a working visit. During negotiations with the Minister of Electricity Ziad Ali Fadel, the parties agreed on the supply of Turkmen natural gas to Iraq under the SWAP scheme through the territory of Iran.
As the publication “Turkmenistan: Golden Age” clarifies, at the same time, the Iraqi side will be ready to annually accept Turkmen natural gas in the amount of about 10 billion cubic meters. The parties also discussed the legal, commercial, financial and organizational conditions for future joint activities in the gas industry.
As a result of the negotiations, a Memorandum of Understanding was signed between the State Concern “Turkmengas” and the Ministry of Electricity of the Republic of Iraq.
The parties agreed to continue negotiations in Ashgabat within the framework of the International Exhibition and Conference “Oil and Gas of Turkmenistan - 2023”, which will be held on October 25-27.