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Wednesday, November 19, 2008

MOU with Iran sees Turkey developing gas fields in South Pars

NICOSIA — Iran and Turkey have signed an agreement to cooperate on natural gas production and exports.

On Nov. 17, the two countries signed a memorandum of understanding that would launch several joint ventures.

One project envisioned Turkish operation of three gas fields in Iran's huge South Pars. The gas would then be exported to Europe via Turkey, Middle East Newsline reported.

"We are making a contribution to the security of energy supply, which is a very important issue," Turkish Energy Minister Hilmi Guler said. "Both Turkey and Europe need natural gas."

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Under the MoU, Turkey would develop three phases of South Pars and produce up to 46 million cubic meters of gas per day.

Officials said the two countries would also plan the construction of a 1,850-kilometer pipeline from the Iranian port of Assaluyeh to Turkey.


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