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

Modi calls Yoga a journey from ‘me’ to ‘we’

PM Modi showered praise on the Andhra Pradesh government for hosting this year’s national celebrations, commending Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan for their leadership. Prime Minister

UK unites for Yoga Day

Celebrations held across iconic landmarks and campuses under theme ‘One Earth, One Health’ The Indian diaspora and local communities across the United Kingdom gathered in large numbers on Friday to mark the

Kenya’s Odinga Slams Adani Deal U-Turn

Before the cancellation of the deal, Odinga was among the leaders who defended the Adani Group….reports Asian Lite News Kenya’s former Prime Minister Raila Odinga on Friday expressed disappointment over the cancellation

Hindus in Peril in Bangladesh

The rights group submitted new evidence to the ICC, accusing Muhammad Yunus’s interim government of top-level complicity….reports Asian Lite News The Human Rights Congress for Bangladesh Minorities (HRCBM) on Friday condemned a

India Takes Yoga to the World

Ahead of June 21, yoga events are being held worldwide, promoting health, harmony, and well-being for the 11th IDY…reports Asian Lite News Marking a global celebration of India’s cultural heritage, the Indian
Go toTop

Don't Miss

T20 World Cup shifted to UAE: Ganguly

The mega-event is to be held in October-November….reports Asian Lite

UAE-Saudi joint military exercise continues

The joint Emirati-Saudi military exercise, dubbed “One Destiny,” which is