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Iran, Turkmenistan ready to sign gas transit agreement

Oil&Gas Materials 27 April 2011 18:44 (UTC +04:00)
Iran and Turkmenistan signed an agreement on gas transit, Mehr News Agency quotes the Iranian Foreign Ministry's Economy Department head Gholamreza Ansari as saying.
Iran, Turkmenistan ready to sign gas transit agreement

Azerbaijan, Baku, April 27 /Trend/

Iran and Turkmenistan ready to sign an agreement on gas transit, Mehr News Agency quotes the Iranian Foreign Ministry's Economy Department head Gholamreza Ansari as saying.
Ansari said that the volume of transported natural gas from Turkmenistan via the Iranian corridor will hit 20 million cubic meters per day.
A meeting of Iran, Uzbekistan, Turkmenistan, Qatar and Oman's foreign ministers is underway in Ashgabat this week. The meeting discusses cooperation between the countries in the sphere of international transportation and cargo transit.
A ceremony of signing an intergovernmental agreement on forming new international transport and transit corridor Uzbekistan-Turkmenistan-Iran-Oman-Qatar was held On Monday, April 25.
The legal document will enable the Central Asian countries to contact with the Persian and Oman gulfs' ports with an optimal route in the perspective. In addition, Russia and China can also get access to these markets that will make the project economically profitable.
On the same day Iranian Foreign Minister Ali Akbar Salehi said that Iran is ready to become a transit country for Central Asian gas and oil transportation to Persian Gulf countries.
Salehi said a railway with a length of 1,600 kilometers is being built from the Iranian border with Central Asia to the Chabakhar port in the south of the country.
Today, Iran is capable of transporting roughly 10 million tons of oil per year, he said.
Iran signed an agreement on gas import with Turkmenistan in 1995, based on which Ashgabat has been obliged to supply eight billion cubic meters of gas per year to Iran.
In 2007 an agreement was signed to supply 14 billion cubic meters of gas per year to Iran by Turkmenistan. By 2010 Turkmenistan supplied 3.3 billion cubic meters of gas to Iran, at present, this figure reached 6 billion cubic meters of gas.
An opening ceremony of the Dovlatabd-Sarakhs gas pipeline was held in the presence of Iranian and Turkmen presidents in winter 2010. At present, the second phase of the contruction is underway, after which the capacity of the gas pipeline will hit 20 billion cubic meters per year.
Iran carried out swap operations of the Turkmen and Kazakh oil to the Persian Gulf counteies in the amount of $1 per barrel. During the reporting period, Iran's income hit $146 million. But stating from 2010 foreign companies abandoned the contracts due to international sanctions imposed against Iran.

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