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13:07, 23 June 2018 Saturday
10:58, 12 July 2017 Wednesday

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Iran wants Turkish companies for oil projects
Iran wants Turkish companies for oil projects

Tehran welcomes greater engagement of Turkish firms for Iran's upstream and downstream projects: Iranian Deputy Oil Min.

World Bulletin / News Desk

Iran is seeking further engagement with Turkish companies especially in the upstream and downstream projects, a top Iranian official on energy said on Wednesday.

“We will welcome greater engagement by Turkish companies into Iranian upstream and downstream projects,” Dr. Amir Hossein Zamaninia, Iran’s deputy minister of petroleum for trade and international affairs told Anadolu Agency on the sidelines of the World Petroleum Congress, of which Anadolu Agency is the global communication partner.

“Turkey is one of our customers,” Zamaninia said: “We have a long-term contract to supply oil to Turkey that is going pretty well."

According to Turkey’s Foreign Ministry, Turkey and Iran signed a Gas Sales and Purchase Agreement in 1996.

“According to this agreement, Iran started to deliver 3 billion cubic meters (bcm) of gas per year to Turkey in 2001 and gas deliveries are expected to reach 10 bcm per year,” the ministry said.

There are many common grounds for investment between Iran and Turkey, Zamaninia said.

“We need to work together to find projects that suit both companies in Turkey and Iran of which there are plenty,” he added.

Zamaninia said that he was already in contact with several Turkish companies during the Istanbul congress but did not disclose any further details. 

“Turkish companies are into power generation, into importation of gas and oil, and we want to encourage them to engage in upstream projects as well,” Zamaninia said.


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