5 October 2015 - 14:40
  • News ID: 247936
Iran is Ready to Export More Gas to Turkey: Official

TEHRAN Oct. 5 (Shana) – Director of International Affairs in the National Iranian Oil Company (NIOC) said Tehran and Ankara are in negotiations to settle their difference over gas transaction while Iran has announced its readiness to export more gas to Turkey.

“Delegations from both countries are in talks to settle the issue in a month,” Azizollah Ramezani told Shana in reference to Turkey’s claim over higher price of gas it is importing from Iran.

“If Turkey buys bigger volumes of natural gas which Iran is ready to export,” he added, “it can pay receive it with less prices.”

Iran signed a contract in 1996 with Turkey to export a total 10 bcm of gas for 25 years on a daily 30 mcm basis.

The pipeline was launched in 2002 with Iran pumping 8 bcm of Turkey’s 40 bcm annual demand in 2013, while 30 bcm is provided by Russia.

“The lifting of sanctions will create a new atmosphere and the ongoing dispute will be possibly settled and more Iran gas will be exported to the neighboring country,” Amir-Hossein Zamani-Nia, deputy petroleum minister for international affairs and commerce said in August.

Turkey claims that Iran's exported gas price is high and it should be lowered by 25 per cent. Iran is urging Turkey to buy more gas if it wants a discount.

Ankara has filed two complaints against Tehran in the International Court of Justice. The Hague-based tribunal has in one case ruled in favor of the Islamic Republic. No verdict has been issued on the second one.
News ID 247936

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