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Iranian oil minister arrives in Moscow to attend Gas Exporting Countries Forum

28 June 2013 13:38 (UTC+04:00)
Iranian oil minister arrives in Moscow to attend Gas Exporting Countries Forum

A delegation of high-ranking officials headed by Iranian Oil Minister Rostam Qasemi arrived in Moscow on June 28 to take part in the Gas Exporting Countries Forum (GECF), SHANA news agency reported.

Iranian incumbent President Mahmoud Ahmadinejad is also scheduled to take part in the event.

Moscow hosts the Gas Exporting Countries Forum on July 1-2.

The GECF is an intergovernmental organization of 11 of the world's leading natural gas producers made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela.

GECF members together control over 70 percent of the world's natural gas reserves, 38 percent of the pipeline trade and 85 percent of the liquefied natural gas (LNG) production.

The three largest reserve-holders in the GECF - Russia, Iran and Qatar - together hold about 57 percent of global gas reserves.

The GECF was established in Tehran, Iran, in 2001.

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