Iran says in talks on Nabucco participation-report
Reuters / Reuters
31-Oct-2009

TEHRAN (Reuters) - A senior Iranian energy official said Tehran was holding "unofficial" talks with some European firms about its participation in the 7.9 billion euro Nabucco gas pipeline project, a news agency reported on Saturday.

Iran sits on the world's second-largest natural gas reserves after Russia but has been slow to develop exports, partly because of U.S. sanctions hindering access to needed technology.

Turkey has said Iranian gas can help the planned Nabucco pipeline, which is backed by the European Union, to supply Europe and lessen the continent's dependence on Russian deliveries.

"Definitely, the Nabucco pipeline will not become operational in the absence of Iran," said Reza Kasaeizadeh, managing director of the state National Iranian Gas Export Company.

"Unofficial negotiations between s... >>>

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