Iran restores NIGEC’s activity
Iran's Oil Minister Namdar Bijan Zangeneh revoked previous
decision on disestablishment of the National Iranian Gas Exports
Company (NIGEC), Fars news agency reported.
Following a meeting with his officials, Zangeneh issued an
order, according to which, NIGEC will continue to operate as
previously.
Iran's Deputy Oil Minister Hamidreza Araqi issued an order to
disestablish NIGEC on October 14.
Araqi said NIGEC will later be merged with the newly established
international affairs unit of the National Iranian Gas Company.
The National Iranian Gas Exports Company (NIGEC) was created in
2003 to manage and to supervise all gas pipeline and LNG
projects.
Until May 2010, NIGEC was under the control of the NIOC, but the
Oil Ministry transferred NIGEC, incorporating it under NIGC in an
attempt to broaden responsibility for new natural gas projects.