VOL. XLV

No 41

14-October-2002

TURKEY

Turkey Agrees In Principle To Resume Iran Gas Imports After New Price/Volume Deal

Turkey has agreed to resume imports of Iranian natural gas after securing a memorandum of understanding (MOU) from Tehran that reduces both the price and volume of Iranian supplies. Turkish Energy Minister Zeki Cakan announced on 9 October, after returning from negotiations in Tehran with Iranian Oil Minister Bijan Zanganeh, that shipments could resume within 10 to 15 days. The...