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Gas deal between Iran and UAE

Supply deal signed by the two nations sees export from Salman field

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UAE and Iran ink gas supply deal. (Getty Images)
UAE and Iran ink gas supply deal. (Getty Images)

The United Arab Emirates has today signed an agreement to import gas from Iran, a report from Fars News has stated.

An official close to the negotiations was quoted by Fars as saying: “Based on the agreement, Iran’s gas will be exported from the Salman field to the UAE at a price five times more than Qatar’s exported gas.”

The news service report also stated that the deal between the two countries had been signed three months ago, but that the Iranian Oil Ministry had yet to implement the contract.
 

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