Sunday 10 April 2011

Fars News Agency :: Iran, UAE Sign Gas Deal

(Awaiting for this to be validated!)

Tehran and Abu Dhabi officials have inked an agreement on export of Iran's rich gas reserves to the United Arab Emirates, an official revealed on Sunday.

"Based on the agreement, Iran's gas will be exported from the Salman field to the UAE at a price five times more than Qatar's exported gas," an official close to the gas talks between Tehran and Abu Dhabi told FNA today.

The official also announced that the gas deal was signed by the two sides three months ago but the Iranian oil ministry has not yet implemented the contract.

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