Iran plans to increase its natural gas production capacity to 1 billion cubic meters per day (bcm/d) by the next Iranian calendar year.

Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources have said.

Iran officially inaugurated 10 major oil, gas, and petrochemical projects, including five phases of the South Pars gas field.

Iranian President, Hassan Rouhani, has pledged to plug the hole in Pakistan’s gas supply via the long-awaited Iran-Pakistan pipeline, however, concerns emerged that neither Pakistan nor Iran were ready to fulfill the roles to implement the pipeline project.

Iranian President Hassan Rouhani said that Iran had completed work on its side of a much-delayed pipeline to be able to pump natural gas to Pakistan and would be in a position to provide gas to its energy-starved neighbor in a few months.

Tehran is to negotiate the halted Iran-Pakistan (IP) gas pipeline project during Iranian President, Hassan Rouhani's visit to Islamabad at the end of March.