17:18 (Sunday, November 16, 2008) Related News » Turkey Says Close to Finalizing Natural Gas Agreements with Iran » Iran, Turkey Emphasis on SP Phases 22-24 Development » Turkish Energy Minister Visits Assaluyeh Print

TEHRAN (PIN) – Turkey has planned to invest $12bn in developing phases 22, 23 and 24 of South Pars gas field, a senior Iranian oil official told PIN.

On the sideline of a joint meeting between Iranian and Turkish oil ministers, MD of National Iranian Oil Company, Seifollah Jashnsaz, added the talks between the two sides on development of the phases is underway and is expected to be finalized soon.

Referring to vast Iran-o-Turkey energy cooperation, Jashnsaz went on saying that Iranian gas supply to Turkey and Turkmen gas export to the country via Iran are among the fields of cooperation.

“Iran gas export to Turkey is likely to be increased. At present, the rate is at 50mm cm/d,” he said.