Deputy Oil Minister says Iran has made a new agreement on gas with Turkmenistan to increase its gas import from the country while the price is to remain the same as before.
"Following the Oil Minister Bijan Zanganeh’s visit to Turkmenistan new contracts are made between the two countries,” Hamidreza Araqi told Mehr News Agency.
He maintained that Iran has come up with new ways to pay Turkmenistan back for the imported gas and added that the country is going to increase its gas import.
Araqi also pointed out that this year the 12th and 15th phases of the South Pars field will be fully operational.
Mehr News Agency reports that in Zanganeh’s recent visit to Turkmenistan the two countries discussed cooperation on gas in particular.
Since the two countries agreed on the exchange five years ago, the deal has gone through much unevenness as Turkmenistan officially turned the line off three times.
Meanwhile, in the past three years Iran has made attempts to reduce its reliability on gas from Turkmenistan.