Iraq inks gas supply deal with Iran

Iran has signed an agreement to send 850 million standard cubic feet per day (scf/d) of natural gas through a pipeline into Iraq, fueling power stations to feed electricity-starved Iraqis and testing the U.S.'s sanctions regime.

In a closed-door ceremony at the Ministry of Electricity in Baghdad, Iranian Oil Minister Rostam Qasemi and Iraqi Electricity Minister Karim Aftan Jumaili signed a four-year gas supply agreement, according to a Monday statement from Iraqi Electricity Ministry spokesman Musaab Mudaris.