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Iran Increases Gas Export

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  • Iran Increases Gas Export

    RIA OREANDA
    Economic Press Review
    March 17, 2004 Wednesday

    Iran Increases Gas Export

    SOURCE: Tehran. VREAMYA NOVOSTEI

    Iran intends to increase natural gas export as a whole and in
    European countries, in particular. The Iranian authorities have
    already negotiated the issue with Ukraine , Bulgaria and Romania to
    deliver gas via the Iran-Russia-Ukraine-Europe pipeline. The
    Iran-Turkey-Romania-Bulgaria route may be the alternative. Within the
    following 10 years roughly $45 billion will be required for Iran to
    make investments into the petroleum branch and $4billion into the gas
    branch, claimed an Oil Ministry spokesman. By the end of the current
    year they may start to construct the Iran-Armenian gas pipeline which
    will be one of the main energy sources for the country after closing
    the Armenia Nuclear Power Plant, said Vardan Khachatryan, the
    Armenian Minister of Finance and Economy.
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