Shipments set to rise to 70 million cubic meters a day Iranian gas to fuel power plants in Baghdad and later Basra Iran, holder of the world’s biggest natural gas reserves, says it will start exports to Iraq in the next month, more than a year later than it originally planned. Shipments will start at 7 million cubic meters a day to supply a power plant in Baghdad, Hamid Reza Araghi, director of the National Iranian Gas Co., said in an interview with the Iranian Students’ News Agency. A second route to Basra will be opened in 2017, with shipments eventually reaching 70 million cubic meters a day. Iran is boosting crude oil and natural gas exports after international sanctions were eased in January. While its crude output has rebounded faster than expected, the natural gas exports to Iraq have taken more time. The National Iranian Gas Export Co. […]