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The fifth summit of the Gas Exporting Countries Forum (GECF) was recently held in Equatorial Guinea.
Iranian Oil Minister Bijan Namdar Zanganeh said the country plans to construct an LNG park with an annual capacity to produce three million tons of liquefied natural gas.
Iranian Minister of Petroleum Bijan Zangeneh says the Iranian company Petropars will develop the Phase 11 of giant gas field South Pars after the Chinese company CNPC International pulled out of the contract.
Iran’s oil minister says Tehran has no problem talking to Riyadh officials, and a meeting with his Saudi counterpart during an ongoing event in Moscow is not unlikely.
Iranian Oil Minister Bijan Zanganeh says the country is going to outstrip Qatar in terms of production of gas from the South Pars joint field.
Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin have discussed expansion of business ties between the two states in a range of fields, particularly in the energy sector, despite Washington's unilateral sanctions.