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Iran could export as much as US$2 billion worth of electricity to the UAE, Qatar and Oman, a senior Iranian energy minister stated.
The power would be sourced once a gas field in the Arabian Gulf becomes operational. The Iran Offshore Oil Company (IOOC) signed a US$3.8 billion deal with Iran’s Power Projects Management Company (MAPNA) to develop a gas field in the Arabian Gulf.
Iranian deputy energy minister Mohammad Behzad said some of the output would be exported to the Gulf states.
“The field will produce 3000 MW of electricity… which a little of it will be consumed at home and the rest will be exported to neighbouring countries, particularly (the United Arab) Emirates, Oman and Qatar,” Behzad was reported as saying by the Fars news agency.
Behzad estimated up to US$2 billion worth of electricity could end up being exported to the UAE, Qatar and Oman.