Oil company: Iran in talks to increase gas exports

Iran, which faces tightening sanctions on its oil industry aimed at halting development of its nuclear program, is looking to export more gas to Iran and Pakistan to make up for a fall in crude exports, a National Iranian Oil Company official said.

"We are trying to compensate the less (oil) export," NIOC's managing director for research and technology, Mohammad Ali Emadi told reporters at a Moscow conference on Wednesday. "We are in negotiation with Pakistan and India to increase export of natural gas." (Reuters)