International Business News – On September 19, local time, according to Iran’s Fars News Agency, a report by the Iranian Oil Ministry showed that the country will purchase 9 million cubic meters of natural gas from Russia every day through Azerbaijan.
In July, the National Iranian Oil Company (NIOC) and Gazprom reached a deal worth about $40 billion. Under the agreement, Iran will complete the construction of natural gas pipelines to Pakistan and Oman and complete multiple LNG production projects in the country. Iran will receive 6 million cubic meters of natural gas per day from Russia, liquefy it, and transfer it from Iran. South exports to other countries.