Plans are under way to add 84 million cubic meters (3 billion cubic feet) to Irans daily gas recovery from South Pars Gas Field by March 2019.

Iran is a reliable source of energy for South Korea, Iranian President Hassan Rouhani told South Korean Ambassador to Tehran Jeong-Hyun Ryu.

The CEO of Iran Gas Transmission Company (IGTC) said the company has the means and capacity to transmit as much as 260 billion cubic meters of natural gas and liquids per year.

The National Iranian Oil Company (NIOC) is to sign two contracts, valued at $1.2 billion for gathering associated gases in Khuzestan, southwestern Iran.

Irans crude oil exports rose year-on-year from 2.115 mbd to 2.3 mbd in the first 4 months of the current Iranian calendar year (began on March 21).

Royal Dutch Shell announced the sale of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.

Iranian President Hassan Rouhani said no problem would be created for the country’s energy, transportation, production and staple commodities sectors, saying: “We are very hopeful that Irans economic cooperation with the world will continue as before.”

The CEO of the National Iranian Gas Export Company (NIGEC) said Iran and Oman were about to form a joint strategic committee to finalize a long-sought gas pipeline project.

Iran has currently more than 37,000 kilometers of gas pipeline plus over 80 gas compressor stations. It is noteworthy that every year, 1,000 kilometers of high-pressure gas transmission line and seven to eight gas compressor stations are becoming operational.

Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting on Saturday with visiting Iraqi Electricity Minister Qasim al-Fahdawi in Tehran.