Turkey says it will go ahead with its 3.5 billion dollars gas development in Iran

Nicosia, Oct 25 (ANI): Turkish Energy Minister Taner Yilldiz has said that his country plans to go ahead with its 3.5 billion dollars natural gas development of phases 22,23 and 24 in Iran’s South Pars gasfield.

Yildiz was quoted by Tehran Times as saying that Turkish Prime Minister Tayyip Recep Erdogawould discuss the matter further during his forthcoming trip to Tehran.

The Turkish and Iranian Governments agreed in July 2007 that the Turkish Petroleum Corporation (TPAO) would produce 20.4 billion cubic meters of natural gas annually from three development phases of Iran’s South Pars gas field, but the deal has been delayed.

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