Iran, Iraq, Syria sign $10B gas pipeline deal

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Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Overall cost of the 6,000-kilometer pipeline project is estimated to be around $10 billion, according to Iranian Deputy Oil Minister Javad Ouji. Projected pipeline capacity is 110 million cubic meters of natural gas per day.

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