Despite high domestic gas consumption and exports, many of our gas fields have remained untapped and some good discoveries have been also made in recent years, Owji said in an interview with IRIB TV1.

On the Memorandum of Understanding (MoU) signed to develop oil and gas fields, reconstruct oil and gas refineries and export technical and engineering services, he said more agreements will be signed with other members of the Gas Exporting Countries Forum today.

Given Iran’s high potential in human resources, fortunately we enjoy experiences in exploration, production, refining and transporting oil byproducts in global oil industry, he added.

During the Sixth GECF Summit, we repeatedly announced that Iran has the necessary capacity to supply neighboring and European countries’ gas demand and we hope to be able to boost our two percent share in gas trade in the coming years.

Referring to the recent gas swap deal among Iran, Azerbaijan and Turkmenistan, Owji said, “as Iran has thousands of kilometers of gas supply network, it is currently ready to swap gas with neighboring countries from East to West and from North to South, and vice versa.”