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Report: Iran starts building $10 billion gas pipeline to Syria to boost its energy sector

By: The Associated Press

Posted: 11/19/2012 3:29 AM | Comments: 0 | Last Modified: 11/19/2012 7:14 AM

The partially constructed site of the South Pars gas field facility, in Assalouyeh, Iran, is shown July 19, 2010. THE CANADIAN PRESS/AP, Vahid Salemi

TEHRAN, Iran - An Iranian semi-official news agency says the country has started building a $10 billion natural gas pipeline to Syria as part of efforts to boost its energy sector that has been battered by international sanctions.

Monday's report by the Fars news agency says the 1,500 kilometre (750 mile) pipeline will pass through Iraq before reaching Syria. It says Iran begun construction of the first phase of the project involving a 225 kilometre (140 mile) stretch at an estimated cost of $3 billion.

Fars says the entire project is to be completed in the second half of 2013. The deal was signed between Iran, Iraq and Syria last July. .

Iran has the world's second largest natural gas reserves, estimated at 28 trillion cubic meters.

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