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Nabucco players land Iranian gas



By Upstream staff 

Iran will sell its gas to partner countries of the Nabucco gas pipeline project, an Iranian economic relations undersecretary told a news conference today.

A Reuters report quoted the official as saying the deal with Turkey to sell gas and develop Iranian gas fields will not affect an Iranian deal with Austria.

Late last week Turkish Energy Minister Hilmi Guler signed a memorandum of understanding with Iranian officials which will see state-run TPAO to produce 20 billion cubic metres of natural gas in three phases in Iran's South Pars gas field.

The plans also include an agreement to use Iran as a transit country for Turkmen natural gas.

Austria's OMV is in talks with Tehran to develop an area of the same gas field, build a liquified natural gas terminal there and export the fuel.


Tuesday, 17 July, 2007, 10:18 GMT  | last updated: Tuesday, 17 July, 2007, 10:18 GMT

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