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Iran-Turkey pipeline to cost $5bn
- Iran: Sunday, November 04 - 2007 at 10:04
Seyyed Reza Kassaeizadeh, Iran's Deputy Petroleum Minister for Gas Affairs, has revealed that a proposed pipeline to Turkey will cost around $5bn to construct, reported the Tehran Times. The pipeline will transport Iranian gas to Turkey as part of a $30bn 25 year deal signed in 1996 and which came into effect in 2001. So far, Iran has exported more than 20bn cubic metres of natural gas to Turkey.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 04 - 2007 at 10:04 UAE local time (GMT+4)
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