Via Tasnim News, a report on Iran’s plans to create a natural gas hub in the south along the Persian Gulf coast. Russia, Qatar and Turkmenistan are also involved in the project in the Asalouyeh industrial area in Bushehr province. The gas hub will provide an alternative route for exports of Russian and Turkmen gas, particularly to South Asia.

Given that Iran holds the second rank in the world in terms of gas reserves, the oil minister said, the country is trying to have a gas hub in Assalouyeh region, Bushehr province, in cooperation with Russia, Turkmenistan and Qatar.

Speaking on the sidelines of the Cabinet meeting on Wednesday, Iranian Oil Minister Javad Owji pointed out that Iran completely settled its dues to the Republic of Turkmenistan over the past 20 months for importing gas from this country.

The ministry will follow up on its share of gas trade with neighboring countries vehemently, he emphasized.

Effective steps were taken in the current administration of President Ebrahim Raisi in the oil, gas and petrochemical fields, the most important of which is related to the launch of extraterritorial and offshore refineries in the Latin American region and Venezuela in line with using capacities for processing crude oil, preventing the crude selling of oil and also creating high added value, Owji highlighted.

He further noted that his ministry will make its utmost efforts to construct such refineries in different countries.

Iran holds the second largest gas reserves in the world, he said, reiterating that the Oil Ministry is trying to create a gas hub in Assalouyeh region in cooperation with Russia, Turkmenistan and Qatar.