Middle East Economic Survey


No 14



Turkey Nears Decision On South Pars Investment

Turkish Minister of Energy Taner Yildiz told Reuters on 25 March that there is complete political support in Ankara for the signing of a $5.5bn agreement with Tehran for the development of two phases of Irans South Pars gas field. Turkeys TPAO signed a memorandum of understanding (MOU) with Irans Pars Oil and Gas Company (POGC) in August 2008 for the development of Irans South Pars gas...