September 20, 2022
1 min read

Iran all set to import Russian oil

The deal also includes the completion of gas pipelines from Iran to Pakistan and Oman and finishing a number of LNG production projects in the country….reports Asian Lite News

The Iranian Oil Ministry said the country will soon purchase 9 million cubic meters of gas per day from Russia through Azerbaijan.

The Ministry announced the plan in a report on monday providing details of a $40 billion deal between the National Iranian Oil Company (NIOC) and Russia’s state-owned gas producer Gazprom reached in July, reports Xinhua news agency.

It added it will soon receive 6 million cubic meters per day of gas from Russia under a swap deal to export them in LNG (liquefied natural gas) to other countries from southern Iran.

The deal also includes the completion of gas pipelines from Iran to Pakistan and Oman and finishing a number of LNG production projects in the country.

The Ministry’s news service Shana has reported that the development of Iran’s Kish and North Pars gas fields, as well as six oilfields, boosting pressure in the South Pars Gas Field, completion of LNG projects, swap of gas and petroleum products and construction of gas transfer pipelines are some of the deal’s highlights.

ALSO READ: Tehran slams new US sanctions on Iranian nationals, firms

Previous Story

Samsung keeps top spot in chip market

Next Story

India to collaborate in 41 business areas with Saudi

Latest from -Top News

Visa Interview Pause Nearing End, Says US

India is the source country for the largest group of international students in the US and Bruce’s comments will be closely followed there….reports Asian Lite News The United States said the pause

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

BNP ramps up poll demand

Chief Adviser Yunus had earlier promised elections in December 2025, but the timeline has since been pushed back first to February 2026 and then to June 2026, fuelling suspicion and dissatisfaction among

Saudi backs India’s strategic outreach

In a series of engagements, the Indian delegation met Saudi Arabia’s Minister of State Adel Al-Jubeir and other senior officials. A high-profile Indian all-party parliamentary delegation, led by BJP MP Baijayant Jay

India clears stealth fighter project

New execution model paves way for private sector involvement in India’s ambitious stealth aircraft programme; Army showcases next-gen drone warfare systems. In a landmark decision bolstering India’s defence self-reliance, Defence Minister Rajnath
Go toTop

Don't Miss

India Pavilion records 7 lakh visitors

The Pavilion has so far clocked 7,05,622 visitors as of

Zoho bets big on UAE

Zoho has partnered with various organisations such as Department of