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Iran and Armenia signed a memorandum of understanding on economic cooperation in the energy field, the deputy minister of oil and managing director of the National Iranian Gas Company (NIGC), Majid Chegeni announced here.

Irans gas exports have increased by 19 percent in the first five months of the current Iranian year (March 21- August 22), compared with the same period of last year, managing director of the National Iranian Gas Company (NIGC), Majid Chegeni announced.

Tehran and Baku signed a memorandum of understanding during the visit of Iranian Minister of Petroleum Javad Owji to Baku to increase gas swap from Turkmenistan to the Republic of Azerbaijan via Irans territory

Iranian Minister of Petroleum Javad Owji has expressed the countrys readiness to start a gas swap from Turkmenistan and to increase gas exports to Armenia.

Irans natural gas production will increase by 45 mcm in the year to March 2023, Managing director of the National Iranian Gas Company (NIGC) said.

Managing director of National Iranian Gas Company (NIGC) has invited the secretary-general of Gas Exporting Countries Forum (GECF) to pay a visit to the South Pars gas field facilities in southern Iran.

The Secretary General of the Gas Exporting Countries Forum, Mohamed Hamel, addressing the opening ceremony of the 26th Iran International Oil, Gas, Refining & Petrochemical Exhibition in Tehran said Gas industry needs 8 trillion dollars investment by 2050.

Iranian Minister of Petroleum, Javad Owji, emphasized the need to invest in Irans oil industry, adding we welcome all domestic and foreign investors.