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

Vance to visit India next week

Vice President JD Vance and the Second Family will travel to Italy and India from April 18 to April 24 US Vice President JD Vance is scheduled to visit India next week.
Go toTop

Don't Miss

Indian expats in UAE celebrate R-Day

In presence of community members and other officials, Ambassador Sunjay

Mulk, Patil Groups Unveil Virtual Hospital   

Mulk International and DY Patil Group Launch Regional First Virtual