Iran, Iraq, And Syria Agree To Construct Massive 'Islamic Gas Pipeline'

Iraq and Iran are moving closer, having recently signed an agreement to develop and build a $10 billion “Islamic Gas Pipeline” to move natural gas from Iran to Europe. The pipeline will be thousands of miles long, extending from Iran’s South Pars oil and gas field through Iran, Iraq and Syria, and eventually ending up at a port in Lebanon, where it can be shipped. At the same time, trade between the two countries is booming. Currently its about $6 billion a year. Iran expects it to soon reach $10 billion annually.