Azerbaijan, Baku, Aug.2 / Trend R.Zamanov /
Iran's annual gas exports revenues will reach 20-25 billion dollars in the coming years, the country's oil minister said on Friday.
Iran is currently working the detail to finalize the gas export deals with Pakistan and Iraq," the IRNA News Agency quoted Rostam Qasemi as saying.
"Currently the development plans of 20 joint oil and gas fields are underway," he said.
"Despite the sanctions annually over 20 billion dollars were invested in South Pars gas field in the past two years," he added.
Deputy Oil Minister Javad Owji said on July 21 that Iran gas revenues would reach 8 billion dollars by the end of the Iranian calendar year of 1393 (March 20, 2015).
Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.