Iran’s national gas company should turn international, CEO says
Missions of the National Iranian Gas Company (NIGC) have to be redefined in order to turn the company into an international one, Company’s CEO Hamid Reza Araqi said.
Commenting on the company’s local services, Araqi said due to new business situations, the services will no longer be enough for NIGC and the company should expand its area of activity, SHANA news agency reported June 6.
“There are shortcomings in our procedures and they must be eliminated. Because we intend to enter the global market we should clarify the procedures,” he said.
The NIGC is not merely responsible for providing gas to the country, in a few years it will be managing the country’s energy market, he noted.
Iran exported 8 percent more natural gas during last Iranian calendar year (ended March 20, 2015) compared to the preceding year.
Araqi said earlier that last year Iran exported one billion cubic meters more gas compared to a year before.
The official also noted that Iran's gas exports exceeded the country’s gas imports by 2.5 billion cubic meters during the same period, showing a positive balance in Iran's natural gas trade with neighboring countries.
Iran is currently exporting gas to Turkey and Armenia, and gas exports to its western neighbor, Iraq, are scheduled to start during the current year.
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