Iran Economy NewsAzerbaijan to boost gas supplies to Iran

Azerbaijan to boost gas supplies to Iran

-

Reuters: Ajerbaijan will more than double gas supplies to Iran to 1 billion cubic metres per year under a five-year deal signed on Wednesday, Azeri state energy firm SOCAR said.

BAKU Jan 12 (Reuters) – Ajerbaijan will more than double gas supplies to Iran to 1 billion cubic metres per year under a five-year deal signed on Wednesday, Azeri state energy firm SOCAR said.

SOCAR said it signed the deal with the National Iranian Gas Export Company (NIGEC), and that volumes would increase from 1 bcm in the first year. (Reporting by Lada Yevgrashina; Writing by Matt Robinson; Editing by Conor Humphries)

Latest news

Iran’s Regime Fabricates Cases Against Teachers and Their Resistance to Authoritarian Rule

The Iranian regime's campaign to suppress teachers has continued following the January 2026 protests. Through arrests, imprisonment, and harsh...

Iran’s Housing Crisis Pushes People Toward Informal Settlements and Homelessness

The state-run Rokna news website published remarks by Iraj Rahbar, head of the Tehran Association of Mass Home Builders,...

Gas Shortage Casts Shadow Over Iran as Billions Wasted Through Gas Flaring

Before the summer has even ended and while the consequences of repeated power outages continue to weigh heavily on...

Construction Material Prices in Iran Increase by 100%

Iraj Rahbar, head of the Tehran Mass Builders Association, said that following the U.S. and Israeli attacks on Iran,...

Volker Türk Expresses Deep Concern Over Increase in Executions in Iran

The increase in executions in Iran has once again drawn reactions from international organizations. The United Nations says the...

The Pressure of Growing Cost of Living on Iranian Families

The livelihood challenges facing the Iranian people have forced what is described as a "survival economy" upon society. According...

Must read

AP Interview: US. contractor recounts kidnapping

AP: A U.S. Army contractor kidnapped in Iraq earlier...

Rice asks for $75M for democracy in Iran

AP: Secretary of State Condoleezza Rice asked Congress on...

You might also likeRELATED
Recommended to you