Iran holding talks with Turkey to transfer gas to Europe: Iranian Deputy min.


Iranian Deputy Petroleum Minister Amir Hossein Zamaninia said negotiations are underway between Iran and Turkey to transfer Iranian oil via Turkey to Europe.

Zamaninia made the remarks Tuesday in the 22nd World Petroleum Congress which was held in Turkey.

Due to the price of gas in the international markets, exports to Europe are not practical yet.

All neighboring countries, including Iraq, Oman, UAE and Kuwait need gas.

Iran gas production will increase gradually and it can target regional markets.

Turkey has reportedly suggested that Iran gas to be transferred to Europe through Turkey.

Iran will transfer gas to Europe if it is transferred directly.

The 22nd World Petroleum Congress kicked off Monday with the attendance of 50 ministers and over 500 officials and representatives of companies in the energy field.

It is worth noting that some 5,000 guests from 100 countries participated in the four-day summit.