Iran, Turkey affirm development of gas pipeline

Iran and Turkey have agreed to develop Iran's gas fields and the transit of Iranian gas to Europe.

The agreement covers the development of three phases - 22, 23 and 24 - in Iran's South Pars offshore gas field with Turkish investment as well as gas transfer to Europe via Turkey at a rate of 35 billion m3 a year.

It envisages the joint construction of a 1850km pipeline from the southern Gulf port of Assaluyeh, off where South Pars lies, to the Bazargan border area with Turkey in northwest Iran.

"It was agreed that 50% of the gas from these [three South Pars] phases be sold to Turkey," Iranian oil minister Gholam Hossein Nozari was quoted by the oil ministry's news website Shana as saying.

Each phase of South Pars gas field has been designed to produce 25 million m³ of gas a day.

Turkey already buys gas via a conduit from the northwestern Iranian city of Tabriz to Ankara at a rate of around 10 billion m3 a year.

Iran itself imports around 25 million m³ of gas a day from Turkmenistan.

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