Tehran, March 3 (SocialNews.XYZ) Iranian President Ebrahim Raisi has invited international investors and the member states of the Gas Exporting Countries Forum (GECF) to participate in the country's energy projects.
Raisi made the remarks on Saturday at the seventh GECF Summit in the Algerian capital Algiers, according to a statement published on the website of his office.
He noted that Iran welcomed GECF members to start systematic cooperation in making joint investments for exchanging information and experience in gas extraction, processing, transfer, trade and related technologies, Xinhua news agency reported.
He added that Iran has huge natural gas reserves, a favourable geographical position regarding gas transit and advanced technological capacities.
Raisi said Iran is ready to become an energy hub and a safe route for gas distribution and transfer between producers and their target markets.
According to the Energy Information Administration affiliated with the US Department of Energy, Iran sits on the world's second-largest gas reserves.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz