Iran announced that it has exported over $4.8bln worth of natural gas to foreign countries in the first 11 months of the past Iranian year (ended on March 20, 2022).
The Islamic Republic of Iran Customs Administration (IRICA) announced that the country’s natural gas exports value in the first 11 months of the previous Iranian year in hit more than $4.8 billion.
The figures show about twofold hike in terms of volume and value of the exported natural gas as compared to the same period of last year.
Accordingly, Iran’s gas exports value increased as much as 84 percent as compared to the last year’s corresponding period.
Last month, the National Iranian Oil Company (NIOC) signed $1.35 billion of deals to process natural gas extracted at its oilfields and develop an oilfield in the resource-rich Khuzestan province.
About $500 million of the deals involved building facilities to capture gas from East Karoun fields, Minister of Petroleum Javad Owji said then, adding the Persian Gulf Holding Company would sign similar contracts soon to collect gas from West Karoun fields.
He also added that his country enjoys high capacities and capabilities to supply gas to the European states.
The Iranian oil minister made the remarks on the sidelines of 6th Summit of Gas Exporting Countries Forum (GECF) in the Qatari capital of Doha.
"During the sixth GECF summit, Iran has repeatedly announced that it has enjoyed the necessary capacity to supply gas to the neighboring countries and even Europe," Owji said.