Gov’t Gives Green Light to Expand Gas Infrastructure 

The government has approved the outline for allocating $1 billion to invest in natural gas projects and guarantee the repayment of investments, the oil minister said.
“The fund is set to assist the development and maintenance of gas infrastructures, build new storage facilities, supply remote villages with gas, give letters of guarantee to investors and issue debts and bonds to help finance incomplete gas projects,” Javad Owji was also quoted as saying by ILNA.
The fund will also facilitate knowledge-based companies' investment in the sector, he added.
Owji noted that the development of upstream oil and gas sectors tops the National Iranian Oil Company’s priorities, as it is essential to ensure the security and supply of energy in the future.