Iran’s annual non-oil exports to Iraq over $5 billion

[alan_coaks_3]

1 - 24 - 2012

The value of Iran’s annual non-oil exports to the neighboring Iraq has increased to around $5 billion in the current year from just $790 million in 2005, the Iranian ambassador to Iraq said. “Iran exported some $1 billion in electricity and oil products and the same amount in technical and engineering services to Iraq in the previous year,” Hassan Danaeefar added, the IRNA news agency reported. Iranian companies are projected to build two power plants in Iraq, he said, adding that the two sides have signed a deal, worth $400 million, to establish a gas pipeline from Iran to Iraq. The value of non-oil exports, including gas condensates, stood at $31.9 billion in the first nine months of the current Iranian calendar year which ended on December 21, showing 38 percent rise year on year, the Iranian Customs Administration director said. The Iranian non-oil exports amounted to 56.164 million tons in weight, up 10 percent compared to the same period the year before, Abbas Memarnejad told the IRNA news agency. China, the UAE, and Iraq were the main destinations for the Iranian goods. Previously, Trade Promotion Organization chief Hamid Safdel had said the value of non-oil exports is expected to hit $43 billion in the current year and $50.5 billion in the year after.

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