Iranian Oil Minister Bijan Namdar Zanganeh named conditions for reducing gas prices for Turkey, Iran's ISNA news agency reported on Feb.22.
"We are willing to lower the gas price supplied to Turkey, upon condition that it will increase the volume of imported gas from Iran," Zanganeh said, adding that the share of gas in Turkey`s market is important for Iran.
Earlier, Turkish Minister of Energy and Natural Resources Taner Yildiz said that natural gas prices, offered by Iran, does not satisfy Turkey.
Currently Turkey and Iran are in talks on gas prices, but no agreement has been reached between the parties yet, according to the minister.
In March 2012, Ankara appealed to International arbitration over the issue price of Iranian gas price.
The agreement on supplies of 10 billion cubic meters of gas to Turkey on an annual basis was signed with Iran in 1996.
The prices are not officially disclosed, but according to Turkish media outlets, Turkey buys Iranian gas for $490 per thousand cubic meters.
In 2012 Turkey imported 7.5 billion cubic meters of gas from Iran, according to BP statistics. Earlier Yildiz said that, in 2013 Turkey imported gas from Iran worth $4.5 billion.—0--
Economics
-
In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
-
Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
-
Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
-
Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
Leave a review