...

Iran-Turkey energy cooperation to grow

Iran Materials 2 July 2010 05:58 (UTC +04:00)
The Turkish energy minister says the new UN Security Council (UNSC) sanctions against Iran will not affect the current energy deals between the two countries.
Iran-Turkey energy cooperation to grow

The Turkish energy minister says the new UN Security Council (UNSC) sanctions against Iran will not affect the current energy deals between the two countries.

"Turkey will continue to cooperate with Iran because the sanctions did not include any specific restriction on energy deals," Turkey's Energy and Natural Resources Minister Taner Yildiz said in an interview with Press TV.

"Energy is not part of the UN sanctions," he added.

Turkey is currently carrying out technical studies in Iran's south pars gas field which could potentially yield prosperous investment for both countries.

"After we receive the result of this study we will decide how to move forward," Yildiz said.

Iran exports 25 million cubic meters of natural gas to turkey per day and the figure could increase to 30 in the near future.

Iran has the world's second-largest gas reserves. The country's gas producing capacity stood at 630 million cubic meters per day in the current Iranian calendar year.

On June 9, the UNSC passed the Washington-drafted sanctions resolution against Iran over Western allegations that Tehran's nuclear program is harboring a secret military agenda.

Iran has repeatedly rejected the allegations, reserving its right to a peaceful nuclear energy as a member of the International Atomic Energy Agency (AIEA) and a signatory to the Nuclear Non-Proliferation Treaty (NPT).

Tags:
Latest

Latest