Azerbaijan offers Iran infrastructure for oil, gas exports
Tehran, Iran, Aug. 4
By Temkin Jafarov - Trend:
Azerbaijan offered Iran to use its infrastructure for exports of oil and gas to world markets, said Azerbaijan's Economy and Industry Minister Shahin Mustafayev.
He made the remarks Aug. 4 in Tehran at a meeting with Iran's Oil Minister Bijan Namdar Zanganeh.
"Iran can use Azerbaijan's infrastructure, especially the Baku-Tbilisi-Ceyhan (BTC) pipeline to export its oil," said the minister.
He added that Iran could in the future join the Trans Anatolian Natural Gas Pipeline (TANAP) project.
Azerbaijan also invited Iran to use its gas storage to keep gas and use it during the period when consumption grows.
Iran was also offered to cooperate in oil and gas engineering, and joint production of oil and gas equipment.
The BTC, which has a capacity of 1.2 million barrels per day, is used to pump oil from Azerbaijan, Kazakhstan and Turkmenistan to the Mediterranean coast of Turkey.
TANAP, a part of the 'Southern Gas Corridor', is designed to ensure the supply of Caspian gas to Europe.
Edited by CN