Progress on Turkey-Iran gas negotiations

The agreement between Turkey and Iran would make possible the transfer of Iranian natural gas to Europe as well as the transfer of Turkmen natural gas to Europe via Iran and Turkey.

Progress on Turkey-Iran gas negotiations
Turkey and Iran made progress in negotiations pertaining to the operation of natural gas field in South Pars.

Turkey and Iran might soon finalize an agreement on the development of three phases of Iran's South Pars gas field despite U.S. opposition, said Ali Vakili, the managing director of Iran's Pars Oil and Gas Company.

"Negotiations with the Turkish Petroleum Corporation (TPAO) and an Iranian group on the development of phases 22 to 24 of South Pars gas field have shown progress," Vakili said.

Talks would be finalized soon, added the Iranian official.

Iran and Turkey signed a memorandum of understanding on July 13th, 2007 allowing TPAO to pump 20 billion cubic meters of natural gas from the giant South Pars gas field.

The agreement between Turkey and Iran would make possible the transfer of Iranian natural gas to Europe as well as the transfer of Turkmen natural gas to Europe via Iran and Turkey.

AA
Last Mod: 02 Temmuz 2008, 12:55
Add Comment