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Iran To Supply Gas To Kuwait

Iran and Kuwait signed a deal on Tuesday for the daily export

Iran To Supply Gas To Kuwait

Iran and Kuwait signed a deal on Tuesday for the daily export of 10 million cubic meters of gas.

According to the deal Iran will start exporting 10 million cubic meters of gas per day beginning with the end of 2007.

"All points related to the agreement have been investigated and no problem is left unsolved, and the legal accord pertaining to the export will be drafted and compiled in a matter of few months," Iran's Oil Minister Bijan Namdar Zanganeh said.

Zanganeh added that based on the current prices, the contract would earn the country more than seven billion dollars a year for a period of 25 years.

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