Iran will export up to $2 billion of electricity to the UAE, Qatar and Oman via subsea cables, Deputy Energy Minister Mohammad Behzad has said.
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.
“The field will produce 3000 megawatts of electricity… which a little of it will be consumed at home and the rest will be exported to neighboring countries particularly (the United Arab) Emirates, Oman and Qatar,” Behzad told the Fars news agency.
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