Iran News ...


Iran to finalize Turkmenistan gas field development contract

By Tehran Times Economic Desk

Isolated, Iran offers to supply Europe with natural gas

By Andrés Cala, International Herald Tribune

In the aftermath of Russia's recent natural gas cuts to Europe, Iran is trying to position itself as a potential alternative supplier through a variety of overtures to the West - moves, analysts say, based at least partly on a desire to strengthen its hand for a new round of diplomacy over its uranium enrichment program.

TEHRAN - The Iranian ambassador to Turkmenistan said here on Monday that a delegation of gas experts is due in Ashgabat next week to finalize the previously signed memorandum of understanding for the development of the Yoloten gas field in Turkmenistan.

Mohammad Reza Forqani told the Mehr News Agency that during an official visit by the President of Turkmenistan Kurbanguly Berdymukhamedov to Tehran on Saturday, Iranian Oil Minister Gholamhossein Nozari and Turkmen Deputy Prime Minister Tachberdy Tagiyev signed an agreement on gas cooperation.

In addition to signing the MOU, the two countries inked three other letters of agreement on the expansion of economic and political relations, the ambassador noted.

The Iranian and Turkmen presidents agreed to boost the level of bilateral trade from $2.8 billion in 2008 to $5 billion in the current year, Forqani said

Iran, Crescent Continue Debates on Gas Deal

TEHRAN (Fars News Agency)- Crescent Oil Company's CEO in Iran Hamid Zaheri Tuesday claimed that the company has implemented all its contractual commitments in the long-waited gas deal with Tehran, dismissing statements by a senior Iranian gas official about the Arab company's unfulfilled pledges.

"Crescent Oil Company has implemented all its contractual undertakings and acted as a committed partner," Zaheri told FNA following opposing remarks recently made by the Managing Director of the National Iranian Gas Export Company (NIGEC) Kassaizadeh.

"I announce in a straightforward manner that there is no justification for the stated excuses and we ask the judiciary to make a judgment on this issue," Zaheri added.

The National Iranian Oil Company signed an exporting gas contract with Crescent Company from the United Arab Emirates in the year 2001. The contract, revised six times, was finalized in 2004.

Upon the contract, Iran should export 195 mln cubic feet of gas daily which will reach 350 mln and then 500 mln cubic feet.

The Crescent Chief Executive Officer also added that the Gas pricing formula mentioned in the contract, which is Iran's first final contract for selling natural gas to the Persian Gulf region, is based on oil price and is the highest price in the region.

Since the Auditing Court had said that the contract is against the national interest, negotiations between the National Iranian Oil Company (NIOC) and the Crescent Company to adjust the price started but without giving any result.

"We have had frequent talks with the National Iranian Oil Company and we have reached agreements with senior (Iranian) officials," he added.

... Payvand News - 02/18/09 ... --

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