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8/20/07

EartTimes.org: Iran to sell gas to Europe via Turkey

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Iran to sell gas to Europe via Turkey

Iran said Monday it will export 35 billion cubic meters of gas to Europe annually once a pipeline is laid through Turkey. The official Islamic Republic News Agency quoted caretaker Oil Minister Gholamhoseyn Nowzari as saying that under a deal with Turkey, Ankara will develop phases 22, 23 and 24 of South Pars gas field and Iran will market the efforts.

"The project for development of three phases of South Pars gas field will be implemented on buy-back basis by the Turkish entrepreneurs," he said.

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