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Iran says Turkey wants to purchase more natural gas

Business Materials 14 November 2008 17:18 (UTC +04:00)

Iran announced Friday that Turkey wanted to increase the amount of natural gas purchased from this country, reported World Bulletin.

Iran's Ministry of Petroleum also said talks with Turkey's Petroleum Corporation was underway for exploration and production in the 22nd, 23rd and 24th phases in Iran's Southern Pars gasfield.

The ministry said, should the parties reach an agreement Turkey could supply some of its natural gas demand from these fields.

Iran and Turkey continue talks about transportation of Iranian Natural Gas to Europe through Turkey and of Turkmen gas to Turkey over Iran, added the ministry.

Iran had earlier announced that Turkey was the key country in transporting its natural gas to Europe and said pipeline over Turkey was their priority.

Turkey and Iran signed a memorandum of understanding in July 2007 foreseeing joint energy investment, transportation of Iranian Natural Gas to Europe through Turkey and transportation of Turkmen gas to Europe over Turkey and Iran and enhancement of cooperation in oil trade.

Iran is home to the second largest natural gas reserves in the world after Russia.

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