TEHRAN May 26(Shana)--Irans household sector pays just one-fifth of the prevailing gas prices in the region for the gas it uses, managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said. Speaking at a press conference here he said setting natural gas prices depends on various factors adding natural gas prices vary in different ...

TEHRAN May 26(Shana)--The National Iranian Gas Company (NIGC) has revised in natural gas prices for delivery to household and commercial sectors as well as state-owned institutions while it has decided to keep the prices unchanged for delivery to industries, petrochemical plants, power plants and the agricultural sector. Managing director of NIGC ...

TEHRAN April 27(Shana)--The National Iranian Gas Companys (NIGC) managing director says the company has not raised the price of natural gas to its customers. Speaking at the third edition of sustainable gas production conference at Research Institute of Petroleum Industry (RIPI) today, NIGCs chief, Hamidreza Araqi, noted that the cabinet has not ...

TEHRAN March 7 (Shana) - Iran has no plans to lower the price of its natural gas supplies to Turkey, said the Executive Director of the Iranian National Gas Company, underlining Iran's secure supply of natural gas to Ankara in spite of claims by the Turkish side. Iran strongly denies Turkey's allegations about the insecure export of natural gas by ...

[caption id="attachment_27590" align="alignright" width="180"] A view of Iran's South Pars Gas and Oil Field[/caption] Iranian price offers for natural gas are still too high even if Ankara doubles the purchase volume as Iranians suggested, says Turkish Energy Minister Taner Y?ld?z. An energy-hungry Turkey imports 10 billion cubic meters of natural ...

ILNA: Iranian Oil Minister Bijan Namdar Zanganeh named conditions for reducing gas prices for Turkey. "We are willing to lower the gas price supplied to Turkey, upon condition that it will increase the volume of imported gas from Iran," Zanganeh said, adding that the share of gas in Turkeys market is important for Iran. Earlier, Turkish Minister ...

Tehran, Oct 23, IRNA -- Fitch Ratings says oil and gas companies may see prices come under pressure in 2014 if US-imposed economic sanctions on Iran are eased as a result of improving relations between the two countries. This could see Iran increase the supply of oil on world markets by around 800,000 barrels per day leading to a downward impact on ...

[caption id="attachment_36258" align="alignright" width="210"] Iranian President Mahmoud Ahmadinejad attends the 2nd summit of the Gas Exporting Countries Forum (GECF) in Moscow, Russia, on July 1, 2013.[/caption] Iranian President Mahmoud Ahmadinejad has called on gas producers to define pricing mechanisms in a bid to set fair prices for this vital ...