Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Chairman of Gazprom’s Management Committee and Gholamreza Ansari, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Russia.

The parties addressed issues of bilateral cooperation in the oil & gas sector under agreements achieved earlier. In particular, the parties discussed potential interaction in the gas production, transmission and use sector.

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Iran’s proved natural gas reserves average 28 tcm. Domestic gas production is on an annual 10% rise and has exceeded 140 bcm as of year-end 2004. Almost all the gas is being used on the domestic market: some 100 bcm is supplied to commercial customers (including 35 bcm to power plants) and about 40 bcm is injected into oil reservoirs to maintain well flow rates. The length of Iranian gas mains is in excess of 22,000 km.

The only gas production firm in Iran is National Iranian Oil Company (NIOC) supplying all the extracted gas to National
Iranian Gas Company (NIGC). NIGC’s businesses include all the operations with gas following production: treatment, transmission, processing and marketing. NIGC owns 8 gas separation plants with more than 380 MMcm/d in overall capacity.