Iran is conducting negotiations with a number of neighboring countries, including Iraq, to export natural gas, Tasnim News Agency reported, citing the National Iranian Gas Company (NIGC)’s Managing Director, Hamid Reza Araqi.

Araqi commented, on the sidelines of Iran Oil Show 2017, that negotiations had been held with the Iraqi side over banking issues and 50mcm of gas will be deployed to the Arab country, Mehr News Agency informed.

NIGC’s Managing Director, who is also the Iranian Deputy Oil Minister, further pointed to progress in talks with Oman on the export of gas, adding that Afghanistan has also shown enthusiasm for importing the Iranian product.

Recently, the Persian Gulf country also finalized a contract with Georgia. Iran would supply the Caucasian nation with natural gas via Armenia.

In October 2016, Araqi had announced that Iran would begin exporting gas to Iraq as soon as the Arab country opens a line of credit. The two countries had signed a deal on the exports of the product from Iran’s giant South Pars Gas Field to Iraq back in 2013.