Tag Archives: Natural Gas

Türkmengaz. in a questionable move. ceased natural gas exports to Iran on Sunday January 01.

The gas rally marks a dramatic turnaround for a market that tumbled to the lowest prices since the 1990s earlier this year amid a glut of supply.

Since its first contract with Iran in 1975. Daelim has carried out more than two dozen construction projects there worth a total of $4.55 billion.

The facility is now receiving 500 million cubic feet more gas from the offshore platforms of the phases.

Iran currently imports 10 million cubic meters of gas a day from Turkmenistan.

Iran has an abundance of natural resources. the world'.s second largest natural gas reserves and fourth largest oil reserves.

Iran needs $72 billion in foreign investment for 80 major petrochemical projects in line with plans to triple petrochemical production over a decade.