Iran has signed a $1.3 billion pipeline deal to export gas to Turkey, according to the country’s Oil Ministry.
The deal marks the start of a three-year construction project for the new pipeline, which will have a capacity of 2.1 billion cubic feet.
“The contract to build a gas pipeline stretching 660 kilometers [410 miles] and worth 1 billion euros [US$1.3 billion] was signed in the presence of Iranian and Turkish energy and oil ministers,” stated Iran’s Oil Ministry in the Arman newspaper.
The pipeline will allow Iran to export 1.77 billion to 2.12 billion cubic feet of gas a day, said Javad Oji, head of the National Iranian Gas Export Co., on the Oil Ministry’s website.
Through an existing pipeline between the Iranian city of Tabriz to Turkey’s Ankara, Turkey already receives between 530 million and 636 million cubic feet of gas per day.
The deal marks the start of a three-year construction project for the new pipeline, which will have a capacity of 2.1 billion cubic feet.
“The contract to build a gas pipeline stretching 660 kilometers [410 miles] and worth 1 billion euros [US$1.3 billion] was signed in the presence of Iranian and Turkish energy and oil ministers,” stated Iran’s Oil Ministry in the Arman newspaper.
The pipeline will allow Iran to export 1.77 billion to 2.12 billion cubic feet of gas a day, said Javad Oji, head of the National Iranian Gas Export Co., on the Oil Ministry’s website.
Through an existing pipeline between the Iranian city of Tabriz to Turkey’s Ankara, Turkey already receives between 530 million and 636 million cubic feet of gas per day.
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