Iran, Turkey to Seal Natural Gas Deal Soon

A04868965.jpgTEHRAN (FNA)- Iran and Turkey are to move forward with negotiations on a major agreement on the transport of natural gas, following Iranian President Mahmoud Ahmadinejad’s visit to Istanbul last week.

Tehran and Ankara had signed a Memorandum of Understanding (MoU) in 2007 that would see the transport of natural gas from Iran via Turkey to Europe. But officials said that disputes over the terms and conditions of the deal had impeded progress thus far.

Ahmadinejad said in Istanbul on Friday, “I hope that we are very close … Turkey is the key country for the transport of Iranian gas to Europe.”

The US, which remains in a standoff with Iran over its peaceful nuclear activities, has opposed the deal. Turkey, a NATO member, could in theory face US sanctions if it goes ahead with the project.

However, Turkish Energy Minister Hilmi Guler defended the deal.

“We are an independent country, and this is in the interest of our country,” he told Turkish television on Tuesday.

The minister is hoping to finalize the agreement within a month.

Guler and Turkish Foreign Minister Ali Babacan are due to travel to Tehran for further talks in two weeks.

Check Also

The UK Braces for a Change of Direction

Britain’s Labour party looks set to win July’s general election. In recalibrating the country’s foreign …