Iranian Oil Minister: Turkey Planning to Double Gas Imports from Iran

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Iranian Oil Minister Bijan Namdar Zanganeh said Iran’s reliable natural resources and logical pricing has persuaded Turkey to study a plan to double its gas imports from Iran.

Zanganeh said Tehran will formally announce its proposal for pricing of natural gas to Turkey after assessing Turkey’s proposal.

Commenting on remarks made by Turkish Energy and Natural Resources Minister Taner Yildiz on Iran’s decrease in the gas price to Turkey, Zanganeh said he had no idea about the remarks.

“Talks have been held between Iranian and Turkish officials on considering a discount if the volume of exports is doubled (20bln cubic meters annually), but Iran has not fully agreed to the request yet,” Zanganeh reiterated. “We will formally announce our decision on the issue.”

On Saturday, Yildiz said Ankara plans to import more crude and gas from Tehran.

“Turkey purchases some portion of its energy needs from Iran and it will continue to import crude and gas from Iran,” Yildiz said.

“Iran and Turkey signed a gas contract during former Turkish President Necmettin Erbakan to Tehran in 1996 and the contract played an important role in development of mutual cooperation between the two countries,” the Turkish energy minister said.

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