Iran’s oil delegation due in Turkmenistan
Baku, Azerbaijan, June 22
By Fatih Karimov – Trend:
An Iranian oil delegation is scheduled to visit Turkmenistan in coming weeks, said Mohammad Taghi Amanpour, advisor to the oil minister of Iran on exports of equipment and technical services.
The Iranian delegation, headed by one of deputy oil ministers, will discuss cooperation in various fields, including joint export, transit and use of Iran’s engineering capacities in Turkmenistan, Amanpour said, SHANA news agency reported June 22.
He further said Iran’s oil ministry has taken important steps regarding export of goods and engineering services to the neighboring country.
Iran has prepared a $30-billion economic proposal for Turkmenistan, whereby the former will export goods, technical and engineering services in exchange for Turkmenistan’s natural gas for a 10-year period.
The proposal envisages export of engineering and technical services in lieu of the natural gas Iran imports annually from its northern neighbor.
Iran has been purchasing natural gas from Turkmenistan in the past 20 years, the annual value of which stands at $2-3 billion.
The Islamic Republic imported 7.2 billion cubic meters of natural gas from Turkmenistan in 2015, according to the BP.