Iran eyes to sign contract on gas import with Turkmenistan in coming days

BAKU, Azerbaijan, June 2. Iran will quickly signal
an settlement with Turkmenistan on the import of gasoline from this
nation, Iranian Oil Minister Javad Owji instructed reporters after
assembly with newly appointed Deputy Prime Minister of Turkmenistan
Batyr Amanov in Tehran on Could 30, Pattern studies.

Owji mentioned that underneath the contract, 10 million cubic meters of
gasoline will likely be imported from Turkmenistan every day as of this month (Could
21 by means of June 21, 2023). As Iran imports gasoline from Turkmenistan,
the stress on the gasoline community within the north and north-east of the
nation will enhance.

The minister added that Turkmenistan ranks 4th on this planet in
phrases of gasoline reserves. Iran has the capability to move 40-50
million cubic meters of gasoline every day from this nation. Based mostly on this,
Iran intends to extend its gasoline imports, swaps and gross sales.

Owji additionally identified that Iran incurred a debt of $1.65 billion
for importing gasoline from Turkmenistan in the course of the interval of the
earlier Iranian authorities (2016-2021). This debt has already been
paid in full.

In response to him, discussions had been additionally performed with the
Turkmen facet within the course of growth of oil and gasoline fields,
provision of technical and engineering companies.

As reported, Iran stands second on this planet for gasoline reserves,
with about 34 trillion cubic meters of gasoline. Reportedly, Iran’s gasoline
manufacturing capability is greater than 1 billion cubic meters.

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Observe the creator on Twitter:@BaghishovElnur