Earlier, Washington indicated that it would not renew the exemptions granted to eight major importers to its tough sanctions on Iranian crude oil exports once they expire later this week, with economists fearing the restrictions may impact the global energy market. Iran is building up its gas refinery and transmission infrastructure to significantly expand its gas exports to countries such as Iraq and Turkey, National Iranian Gas Company CEO Hassan Montazer Torbati has said. “Last year, we exported gas to Turkey, Baghdad and Basra with an average of over 40 million cubic meters a day, and this year, gas exports to Iraq will reach more than 35 million cubic meters per day,” Torbati said, speaking to reporters at an energy conference in Tehran on Wednesday. According to the official, Iran, which has the second-largest proven natural gas reserves in the world, will increase its gas refinery and transmission capacity to over a billion cubic metres a day by February 2020.
Source: Iran sends special message to Washington, increases oil output to partners despite sanctions