Daily Israel Report
22:40
Reported

News Brief

  7/25/2011, Tammuz 23, 5771

Iran, Iraq, Syria in Giant Gas Deal


Iran, Iraq and Syria have signed giant $10 billion natural gas deal. Iran will build a gas pipeline from the western part of the country, through Iraq and into Syria, and deliver gas to the two countries and to Europe, Iranian media reports said Monday. The 3,500 mile long pipeline will be completed between 2014 and 2016, the report said.

Iranian officials said it was the largest gas deal in the region's history, and would supply Europe with much of its gas needs.