TT On-The-Go
TT Feed
| Iran plans to triple gas export revenues to $10b |
|
 |
 |
 |
Font Size 
.jpg) TEHRAN - Iran’s gas export revenues is projected to hit $10 billion, from currently $3.5 billion, in the next Iranian calendar year, starts on March 21, 2014, National Iranian Gas Company Managing Director Javad Owji announced on Monday.
Iran will “witness a change in the revenues of the country from crude oil to natural gas,” Owji said.
He pointed to the country’s goal to triple gas shipments to some of its neighbors, saying, “By signing new deals with Turkey and Iraq, Iran will increase natural gas exports to about 100 million cubic meters by next year from a current 35 million.”
On April 19, IRNA quoted Owji as saying that Iran exported 8.4 billion cubic meters of natural gas, worth $3.5 billion, in the past Iranian calendar year.
He also said that the country imported 4.5 billion cubic meters of gas, worth $1.8 billion, last year.
Gas imports dropped by 50 percent year on year, he noted.
Earlier this month, Owji said that Iran plans to increase its natural gas exports as a way to diminish its reliance on crude sales.
  Socialize this Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
|