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swap agreement under which Iran annually
delivers 1.5 to 2 billion cubic meters (bcm) of
Turkmen gas to Azerbaijan.
This agreement has revived political and
economic relations between Tehran and
Ashgabat as the two countries had been in
dispute over price issues related to a previous
gas agreement. In 2016, Ashgabat claimed that
Tehran should have paid $1.5 billion for gas
it supplied from Turkmenistan, but Iranian
authorities have disputed the figure. In 2017,
Turkmenistan halted gas deliveries to Iran due
enable Sasol to meet the need for sustainable expanding economic cooperation, primarily to a debt scandal.
chemicals and energy solutions to decarbonise in the spheres of energy, transport and CASPIAN NEWS
its business, communities and markets it transit. Meredow said that he was in favor of
serves globally.” developing the trade and economic relations
It’s not huge by global standards, but much between the two countries in the context of FUELS
of it will be presumably invested in South regional integration,” the Turkmen Foreign
Africa’s economy, which needs every drop Ministry reported on February 15. Iran to boost LPG, propane,
of investment that falls its way. And venture Discussing the development of trade and
capital private equity financing for risky economic cooperation, they noted positive butane exports from South
projects is a rare species in South Africa. dynamics in the growth of trade between the
DAILY MAVERICK countries, and stressed the importance of Pars
giving impetus to increasing mutual trade in
order to realize the existing solid potential. The engineering director of the South Pars
REFINING On February 6, Meredow and Iranian Gas Complex stated that the preparations
Deputy Foreign Minister for Consular, for equipping the LPG export jetty for the
Iran ready to build Parliamentary and Iranian Expatriate National Iranian Gas Company (NIGC) in
Affairs Alireza Bigdeli discussed closer
South Pars have been put on the agenda,
refineries for Turkmenistan cooperation in electricity, transport and oil adding that with its completion, the export of
liquified petroleum gas (LPG), propane and
and gas sectors within the 15th session of
Iran’s Deputy Minister of Oil for Engineering, the Intergovernmental Turkmen-Iranian butane in this complex will accelerate.
Research and Technology Vahidreza Commission on Consular, Border and Seyyed Mehdi Shafiei Motahar said:
Zeydifard has said that Tehran is ready to Customs Affairs in the Turkmen capital of “With the presence of a group of managers
build oil refineries in the Central Asian Ashgabat. and experts of the Iranian Gas Engineering
country. Earlier, the Turkmen foreign minister met and Development Company, preparations
“Iran is ready to build oil refineries for visiting Iranian Deputy Foreign Minister were made to equip the export jetty for LPG,
Turkmenistan, develop oil and gas fields for Economic Affairs Mehdi Safari, and the propane and butane for NIGC in South Pars
together and supply the other country with two sides discussed “a wide range of issues region.”
equipment of competitive quality at affordable of bilateral cooperation in the political, He added: “In the visit and specialized
prices,” Zeydifard said on February 20 at a diplomatic, trade, economic, cultural and meeting, which was attended by the special
meeting in Ashgabat between visiting Iranian humanitarian spheres”. representative of the international affairs
oil and gas officials and their Turkmen During the talks held on January department of NIGC, experts of the special
counterparts as part of a trade show featuring 9, the importance of the work of the region and the National Petrochemical
Iranian goods, Turkmen news website Orient. intergovernmental Turkmen-Iranian Company (NPC), the most important
tm reported. commission for economic cooperation solutions and specialized cases for the start
He said that over 70% of the equipment was addressed. The meeting’s agenda of equipping the export jetty of NIGC were
that Iran used in its oil and gas sector was also examined prospects for developing presented and reviewed.”
manufactured in the country itself and cooperation in the fuel and energy sector, The engineering director of South Pars
therefore it could export such equipment to building up transport and transit potential. Gas Complex stated: “Feasibility cases and
Turkmenistan. In June 2022, the Iranian and Turkmen roadmap for equipping and constructing a
At the end of the meeting, officials agreed presidents signed a series of documents new LPG pipeline, in line with the timely
that the Turkmen side would send Iranian ranging from finance to energy. The package export of products and reducing the time
colleagues a list of needed equipment through of nine Memoranda of Understanding required for berthing and loading the
diplomatic channels. included bilateral cooperation in the vessels, were presented and compiled by the
Last week, Turkmen Deputy Prime spheres of investment, transport, transit, engineering management of South Pars Gas
Minister and Foreign Minister Rashid environmental protection, TV and radio, as Complex.”
Meredow held talks with an Iranian delegation well as trade, economic, scientific, technical, Shafiei noted: “By speeding up the
led by Iranian Minister of Cooperatives, Labor and cultural areas between several provinces operation of equipping this export jetty,
and Social Welfare Solat Mortazavi to discuss of the two countries. export of strategic items from South Pars Gas
developing economic and trade cooperation. In November 2021, Iran, Turkmenistan, Complex will accelerate in the near future and
“During the talks, the ministers discussed as well as Azerbaijan signed a natural gas bring prosperity to the country’s economy.”

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