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.
However, regional markets struggled as profit-takers moved in after a healthy week and traders were spooked by reports the man probing Donald Trump's links to Russia will also investigate his business dealings.
In initial deals in the eurozone, Frankfurt's DAX 30 slipped 0.2 percent to 12,424.80 points and the CAC 40 in Paris also slipped 0.2 percent to 5,188.92 points compared with the closing levels on Thursday.
The greenback had soared along with global markets for months after Trump's November election victory on hopes his big-spending, tax-cutting policies would fire up the world's top economy and fan inflation.
Nasdaq closes with gains for seven consecutive trading days
Japanese car maker says battery sensors could cause engine fires
The application "will allow EasyJet to establish a new airline, EasyJet Europe, which will be headquartered in Vienna and will enable EasyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," the no-frills airline said in a statement.
Energy sector that is undergoing transitional period requires new strategies, says Gas Exporting Countries Forum senior
OPEC Secretary General says meetings with US shale producers to continue
Tehran welcomes greater engagement of Turkish firms for Iran's upstream and downstream projects: Iranian Deputy Oil Min.
A return to $100 per barrel oil prices for a sustained period in unlikely, Petoro official says
Deal between Iran's Petropars, Total and Chinese CNPC is sign that return of sanctions is unlikely: Iran's deputy oil min.
Tokyo will contribute to stable world energy supply, says Katsuo Nagasaka, chairman of Chiyoda Corporation