World

Iran to spend $9 billion on gas industry

15:43 03/02/2010

Related News

Iran is planning to spend some $9 billion on the development of its gas infrastructure, the Islamic republic's SHANA news agency said on Wednesday, quoting the head of the National Iranian Gas Company.

"Construction of 5,000-6,000 kilometers of gas pipelines and 20-22 pressure control stations is included in the development plan for 2010-2015," Javad Owji said.

Iran has received investment proposals worth $20 million for the development of its gas and oil industry, he said.

The Islamic Republic has world's second largest natural gas reserves of 974 trillion cubic feet - 15% of the planet's total reserves.

In October 2009, Iran and Turkey signed an agreement on the joint exploration of the Islamic Republic's South Pars gas field, bringing closer the possibility of Iran exporting natural gas to Europe via Turkey. The cost of the project is estimated at $4 billion.

MOSCOW, February 3 (RIA Novosti)

Add to blog
Send to friend
Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/world/20100203/157762421.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/world/20100203/157762421.html"><img src="http://en.rian.ru/images/15776/25/157762529.jpg" width="120" height="83" border="0" alt=" Iran to spend $9 billion on gas industry" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/world/20100203/157762421.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Iran to spend $9 billion on gas industry</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">15:43</span> <span style="color:#5590bf; padding-right:7px;">03/02/2010</span> <span style="font-size:12px;">Iran is planning to spend some $9 billion on the development of its gas infrastructure, the Islamic republic's SHANA news agency said on Wednesday, quoting the head of the National Iranian Gas Company.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/world/20100203/157762421.html" title="Iran to spend $9 billion on gas industry">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

Preview:

Iran to spend $9 billion on gas industry

15:43 03/02/2010 Iran is planning to spend some $9 billion on the development of its gas infrastructure, the Islamic republic's SHANA news agency said on Wednesday, quoting the head of the National Iranian Gas Company.>>

Other news of the day