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Iran likely to participate in Azerbaijan gas project

Baku, April 14, IRNA --Iran is likely to participate in Nabaco gas project in the Republic of Azerbaijan, the Azerbaijani newspaper Yeni Musavat reported on Monday quoting the new ambassador of the European Union to Baku.

The ambassador, Alan Waddams told the paper that despite the agreement with Turkmenistan to pipe its natural gas to Europe via Azerbaijan Republic, European Union looks at Iran as an alternative supplier.

Iran has expressed its readiness to transfer its gas to Europe through Turkey based on Nabako project, for which Iran has signed a memorandum of understanding with Turkey.

Moreover, piping Iran's gas to Europe via Azerbaijan Republic is under study, Yeni Musavat reported.

The newspaper wrote that undoubtedly, the United States of America would be the main opponent to Iran joining the project.

American officials say that the Nabako project is aimed at breaking Russia's monopoly on European markets.

The statement of EU representatives indicate that in order to protect its energy interests, Europe is not willing to support US stance on Iran, the paper wrote.

Norwegian oil giant mulling long-term cooperation with Iran

Tehran, April 14, IRNA -- The managing director of Norway's StatoilHydro company has voiced his company's readiness to have long-term cooperation with Iran.

In a bid to expand cooperation with the Islamic Republic, Yan Helgeh Escogen observed that the company will be presented in Iran's 13th International Oil, Gas and Petrochemical Exhibition slated for 16-20 April.

"Currently, the company is working on the three projects concerning phases six, seven and eight of South Pars gas field, Anaran and Khorramabad," he said, adding the company is ready to study the new projects in Iran.

Referring to the positive achievements of this company in Iran, he noted that StatoilHydro company enjoys good relations with National Iranian Oil Company and its partners in the South Pars gas field.

... Payvand News - 04/14/08 ... --

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