Iran will Export up to $2 Billion of Electricity to the UAE, Qatar and Oman

Iran is going to export around 3000 megawatts of electricity values $2 billion to (the United Arab) Emirates, Oman and Qatar .

Last week, Iran Offshore Oil Company (IOOC) struck a $3.8 billion deal with Iran’s Power Projects Management Company (MAPNA) for the development of the Persian Gulf’s Forouz B gas field and an associated gas-fired power project, of which most of the output will be exported to the Persian Gulf Arab states .

“Base on studies this field will produce 3000 megawatts of electricity alittle of it will be consumed in Iran and the rest will be exported to neighboring countries particularly (the United Arab) Emirates, Oman and Qatar,” Deputy Energy Minister Mohammad Behzad has said.

The development plan, which is set for completion within five and a half years, aims to produce one billion cubic feet of gas, 10,000 barrels of condensates, and 3,000 megawatts per day of power in the first phase, MAPNA Managing Director Abbas Aliabadi announced .

Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq .


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