Iran to invest $9bn in pressure regulating stations

Iran is to invest $9bn in constructing transfer lines and pressure regulating stations in the next five years, the head of National Iranian Gas Company (NIGC) says.

"Construction of 5 to 6 thousand kilometers of gas transmission lines as well as 20-22 gas pressure regulating stations have been anticipated in the fifth development plan (2010-2015)," the Head of NIGC, Javad Owji, said Sunday.

He added that around $9bn credit has been allocated for these projects.

Commenting on the NIGC's budget for the next Iranian year (starting March 21), he said a $6,800mn budget has been projected for the next year, expressing hope that the budget will be approved by the Iranian parliament.

/Press TV/