Iran 'exports gas to UAE for 25 years'

A senior Iranian energy official has announced that Iran has signed a contract with a foreign company to export gas to the United Arab Emirates (UAE) for 25 years.

"According to the agreement, the foreign company is to develop an Iranian gas field in the Persian Gulf and export the natural gas to the UAE for 25 years," the Managing Director of the National Iranian Gas Export Company (NIGEC) Reza Kasaeizadeh said Sunday.

He noted that based on the agreement the total amount of gas produced will be three billion c/m.