Iran’s oil ministry disbands NIGEC
Azerbaijan, Baku, Oct.14/ Trend R.Zamanov
Iran's Deputy Oil Minister Hamidreza Araqi has issued an order to disband the National Iranian Gas Exports Company (NIGEC).
NIGEC will be merged with the newly established international affairs unit of the National Iranian Gas Company, the ISNA News Agency reported.
Araqi, who is also managing director of the National Iranian Gas Company, has appointed Azizollah Ramezani as the company's director for international affairs.
The National Iranian Gas Exports Company (NIGEC) was created in 2003 to manage and supervise all gas pipeline and LNG projects. Until May 2010, NIGEC was under the control of the NIOC, but the Oil Ministry transferred NIGEC, incorporating it under NIGC in an attempt to broaden responsibility for new natural gas projects