Iran And Turkmenistan Sign Gas Barter Agreement
Javad Oji, Iran’s Deputy Oil Minister and Managing Director of the National Iranian Gas Company (NIGC), on 19 December signed an agreement with Turkmenistan’s state-controlled Turkmengaz for the expansion of Turkmen gas exports to Iran. Under the agreement, Turkmenistan will increase its exports to 40mn cmd, from 27-30mn (9.85-10.95 bcm/y) cmd in 2011. According to Ashgabat-based traders...
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