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Iran plans to export 80bcm of gas to Asia and Europe

Oil&Gas Materials 19 April 2014 22:15 (UTC +04:00)

Baku, Azerbaijan, Apr.19

By Fatih Karimov - Trend:

Iran plans to export 80 billion cubic meters (bcm) of gas to Asia and Europe in calendar year 1400 (March 2021-March 2022), Iran's oil minister Bijan Namdar Zanganeh said.

We are planning to export 80 billion cubic meters of gas to Turkey, Europe, Iraq, Pakistan, and the Persian Gulf Arab states in calendar year 1400, he said, Iran's IRNA news agency reported on April 19.

We should boost oil, gas, electricity, and petrochemicals through diversifying methods of sale and cooperating with the private sector, he said, adding that the country's oil refining capacity is projected to rise to three million barrels per day.

In March, Zanganeh said Iran forecasts an increase in its crude oil and natural gas production in the current Iranian calendar year 1393, which began on March 21.

Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day, and its daily natural gas output is forecast to increase by about 100 million cubic meters per day to 400 million cubic meters per day.

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