Iran ready to jointly export oil and gas with Turkmenistan

Oil&Gas Materials 27 July 2015 11:20 (UTC +04:00)

Baku, Azerbaijan, July 27

By Fatih Karimov - Trend:

Iran is ready to export oil and gas jointly with Turkmenistan, said Mohammad-Taqi Amanpour, an advisor to the Iranian oil minister.

"We are willing to establish sustainable economic ties with Turkmenistan and we have prepared different plans to participate in infrastructure projects of that country," Iran's Shana news agency quoted Amanpour as saying on July 27.

He made the remarks in a seminar which was held in Tehran, regarding business with Turkmenistan.

"Turkmenistan is ready to transit oil and gas via Iran to other countries. But, we have proposed them to jointly export the products instead of transiting," he said.

The Iranian Oil Ministry will provide support to Iranian companies which establishes a factory in Turkmenistan and uses Iranian-made parts and raw materials, because it can help the two countries boost their industrial infrastructures, he added.

Turkmenistan was the 7th leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.

Iran exported $973.65 million of non-oil goods to Turkmenistan and imported $113.72 million of non-oil goods from the country.

Iran annually purchases 6 bcm to 7 bcm of gas from Turkmenistan and both countries are interested in increasing this volume to 40 billion cubic meters.

Iranian ambassador to Turkmenistan, Mohammad Musa Hashemi Golpayegani said in April that until 2009, Iran carried out swap of oil products with its northern neighbors from the port of Neka, but these operations have not been conducted for already six years. Iran's revenues from oil swap for 10 years amounted to $800 million, he said.

The ambassador said that in accordance with the agreements reached, the trade turnover between Iran and Turkmenistan will reach $60 billion during the next 10 years.