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Iran, Turkey take "great step" in energy cooperation: Oil Minister

Ankara, July 14, IRNA - Iranian Oil Minister Kazem Vaziri Hamaneh on Saturday referred to talks with his Turkish counterpart, Hilmi Guler, as a "great step" towards expansion of bilateral cooperation in the field of oil and gas.

He made the remark while talking to IRNA after signing an agreement on bilateral energy cooperation with Guler in Ankara.

He expressed hope that by materialization of the agreement, Iran's gas would be exported to Europe.

Vaziri-Hamaneh and Guler inked the agreement after two days of expert discussions.

"Naturally, in order to export Iran's gas to Europe, gas pipelines should be laid between the two countries," Hamaneh said adding that the project should be carried out on a 50-50 basis by the two sides.

"The development plan of the South Pars gas field is to be implemented by Turkey," he said adding such moves will help bolster Tehran-Ankara bilateral cooperation.

The agreement comprises several articles according to which Iran would be permitted to transit its gas to Europe via Turkey while Turkmenistan would transit its gas via Iranian territory, he added.

Iranian and Turkish expert delegations are to study details of the work within one month, he said adding that during his visit to Tehran next month, Guler would discuss details of the work with the Iranian officials.

It was also agreed that the 22nd, 23rd, and 24th phases of South Pars gas field would be developed by Turkey and the gas would be provided to Iran through by-back agreement, Hamaneh said adding that the details of the agreement would be followed up during Guler's visit.

Hamaneh arrived in Ankara Friday at the official invitation of Guler. He is to return to Tehran this evening.

... Payvand News - 7/14/07 ... --

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