General Director of the Iranian National Gas Company (INGC) Araki said at the meeting with journalists during the working committee of the International Gas Union in Tehran that until end of the year Iran will be ready to export gas to Iraq if required infrastructure is created in this country, reported IRIB News agency.
Araki added that construction of the objects needed to begin gas export to Pakistan is coming to the end in Iran.
He added that Iranian Oil Minister used all resources for further development of Southern Pars gas field and operation of the 12th, 15th and 16th phases of the field development will begin this year. Development of the remaining phase will be the main priority of the Oil Ministry in the coming years, reported http://iran.ru.--0--
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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