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Iran and Turkey Sign New Contract on Gas

Source: Shana 7/23/2010, Location: Asia

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By construction of a 56 inches gas pipeline over the three next years, Iran will be able to export 50 to 60 million meters of gas per day to Turkey and Europe through pipeline, managing director of the National Iranian Gas Export Company (NIGC) announced here on Friday.

In an exclusive interview with Shana news service, NIGC managing director, Javad Oji, added: Turkey intends to transfer Iran’s gas to Europe by construction of an independent gas pipeline in its soil. He went on to say that by signing the contract on Thursday, the first step was taken to realize the plan.

He noted that by launching the independent pipeline, NIGC would be able to market its gas in Europe by paying transit fee to turkey.

A gas transferring pipeline contract between Iran and Turkey, 660 km long and worth a billion euros, was signed by NIGC and Turkish ASB Company on Thursday.

Iranian minister of petroleum, Masoud Mirkazemi left Tehran to Ankara on Wednesday to talk with his Turkish counterpart Taner Yildiz on the expanding cooperation on oil and gas.

Last year, Tehran and Ankara signed a deal for transferring Iran’s gas to European markets through Turkey. The two countries also signed a Memorandum of Understanding on oil and gas cooperation.

The National Iranian Oil Company (NIOC) and state-run Turkish Petroleum Corporation (TPAO) have held several rounds of negotiations recently in which Turkish side has expressed its willingness to invest in Iran’s oil and gas projects.

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Related Categories: Civil Works  Construction Contractors  Electrical  Engineering Procurement and Construction (EPC)  General  Mechanical  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Construction Contractors  Electrical  Engineering Procurement and Construction (EPC)  General  Mechanical  Pipe Lines Installations 


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