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| Araqi appointed National Iranian Gas Company’s managing director |
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 TEHRAN – Hamidreza Araqi has been appointed to the post of managing director of the National Iranian Gas Company. Araqi replaced Javad Oji.
Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investment, especially in its South Pars gas field.
According to Iran’s Oil Ministry, the country’s proved natural gas reserves are about 1,045.7 trillion cubic feet (29.61 trillion cubic meters) or about 15.8 percent of world's total reserves.
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