World Bulletin / News Desk
“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.
Number of properties sold to foreigners soars by 11.4 percent y-o-y in the month, TurkStat reveals
BIST 100 index decreases 0.43 pct while US dollar/Turkish lira rate rose to 3.50
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46