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Iran, Kuwait Sign $7 Billion Gas Deal
Isfahan Published in Saudi Press Agency on 13 - 03 - 2005

Kuwait and Iran signed a $7-billion, 25-year deal yesterday under which Tehran will supply some 10 million cubic meters (300 million cubic feet) of natural gas daily to the emirate, officials said.
Delivery is scheduled to begin in 2007, Iranian Oil Minister Bijan Namdar Zanghaneh said after signing a memorandum of understanding with Kuwaiti Energy Minister Sheikh Ahmad Fahd Al-Sabah in Isfahan on the eve of an OPEC meeting in this Iranian city. Zanghaneh said he expected a final contract to be signed within six months.

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