Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Iraq and Turkmenistan reach preliminary agreement on gas import

Iraq signs a preliminary agreement with Turkmenistan to import gas. (AFP/Representational pic)
  • Turkmenistan is known for its status as a key gas producer regionally and globally
  • The country’s natural gas reserves are estimated at 50 trillion cubic meters

Baghdad, Iraq – Iraq has signed a preliminary agreement with Turkmenistan to import gas. The agreement signed by the undersecretary of the Ministry of Oil for gas affairs Ezzat Saber, is a big step in Iraq’s quest for diversified energy sources.

In a statement to Iraqi News Agency, Saber, said:  “We have reached a significant understanding with the Republic of Turkmenistan on the import of gas.” 

Saber outlined the core agreement, stating: “We have, in principle, agreed to the importation of specific gas quantities to address a portion of our electricity generation requirements.” 

Outlining the path ahead, he added: “We are actively collaborating on crafting a comprehensive memorandum of cooperation, expected to be finalized before the year concludes. This memorandum will encapsulate the proposed gas volumes and the intricate mechanisms governing our bilateral engagement.”

“This agreement holds immense significance,” Saber remarked, “as it represents a notable stride towards forging stronger ties with gas-producing nations.” 

Turkmenistan is known for its status as a key gas producer regionally and globally. The country’s natural gas reserves are estimated at 50 trillion cubic meters.