Gas

According to Iran'.s Petroleum Ministry. Turkmenistan has finally agreed to continue its gas exports to the Northern Iranian provinces.

The facility is now receiving 500 million cubic feet more gas from the offshore platforms of the phases.

Iran currently imports 10 million cubic meters of gas a day from Turkmenistan.

Turkmenistan wants to receive gas price for Iranian years of 1386-87 the amount of 1.8 billion dollars - Iran made objection to.

Development activities are underway in a number of fields including Salman Nafti and Forouzan and preparatory works to increase output in the fields of Doroud and Abuzar.

Cooperation between the two countries (Iran and Armenia) is of special importance in energy security and in the near future.

Oil and gas development in Iran is attractive to foreign companies because of the relatively lower costs of oil and gas production/exploration in the country.