Turkmenistan, Iran mull energy partnership

Photo: Turkmenistan, Iran mull energy partnership / Iran

Ashgabat, Turkmenistan, June 30
By Huseyn Hasanov- Trend:

The results of the working visit by the Turkmen government delegation to Iran were discussed at a meeting of the Cabinet of Ministers of Turkmenistan, the Turkmen government reported.

Traditional issues of bilateral cooperation in the sphere of thermal energy complex, as well as measures taken with the purpose of modernization of the industrial oil and gas field were the topics of discussion during the visit.

The information report said that Turkmen President Gurbangulu Berdimuhamedov stressed at the meeting that one of the key aspects of Turkmenistan's energy strategy is the development of mutually beneficial international partnerships in this important area.

In this context, the president stressed the need to continue to take comprehensive measures to increase the export potential of the industry, increase the volumes of production and processing of raw hydrocarbons.

Gas supplies from Turkmenistan to Iran started in the mid-90s after the launch of the Korpeje-Kordkuy gas pipeline. Another pipeline - the Dovletabat-Sarakhs-Hangeran pipeline has also been commissioned recently. There was a demand for this pipeline, given the increasing exports of Turkmen gas to Iran.

As reported earlier, Tehran and Ashgabat held talks to increase the Turkmen gas supplies to Iran.

A number of large deposits, such as Korpeje, Keimir, South Kamyshlydja, Akpatlavuk, Shatut, Nebitlije and Altyguyy deposits were discovered earlier in Turkmenistan's Balkan province. They serve as raw materials sources for exports to Iran.

The annual bilateral trade between these two neighboring countries stands at about $5 billion and this figure can double in the coming years, according to the Iranian side's stats.

Edited by CN

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