Turkey and Iran may resolve their energy differences come this November with a new deal that proposes to create a production accord to invest in the development of Iran’s natural gas reserves in their South Pars field.
Turkey was earlier opposed to the creation of a pipeline that would transfer gas from Iran to Europe. Under the new agreement, Turkey’s state owned petroleum company TPAO would explore Iran’s South Pars field and transfer gas to Turkey for consumption and re- export to European markets.
The United States is against the deal as it seeks to isolate Iran over its nuclear program.
Leave a comment