Iran, Turkmenistan to Boost Energy Cooperation

A0260309.jpgTEHRAN (FNA)- Iranian Oil Minister Gholam Hossein Nozari and Turkmenistan President Gurbanguly Berdymuhamedov made agreements on reinforcing bilateral ties in different fields of energy sector during a meeting held in Ashgabat on Monday.

“At present Iran imports 25 million cubic meters of natural gas from Turkmenistan on a daily basis. The two sides agreed on raising this amount up to 30 million cubic meters in near future,” MNA quoted Iran’s Ambassador to Turkmenistan Mohammad Reza Forqani as saying.

“Gas price was also discussed during the meeting. Iran and Turkmenistan has settled the price formula and we hope to reach agreement on the final price with the neighboring country until December 1st in order to prevent gas shortage during the winter time,” he added.

“Iran approved executing some Turkmen oil and gas projects,” Forqani concluded.

Nozari heading a high-ranking delegation arrived in Ashgabat on Monday. The Iranian oil minister attends an official ceremony to be held on the occasion of Turkmenistan’s Independence Day on October 28.

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