Over $1b to be allocated for joining rural areas to gas network

January 31, 2018

TEHRAN – Iranian parliament (Majlis) has approved a bill to allocate 50 trillion rials (about $1.1 billion) for expanding the country’s gas network to new rural areas, IRNA reported.

According to the bill, the banks will be allowed to provide the National Iranian Gas Company (NIGC) and provincial gas companies with the mentioned fund under the Oil Ministry’s guarantee. 

The facilities will be used to lay gas pipelines to rural areas and cities which are not connected to the country’s gas network.

EF/MA

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