Iran and Turkey together to talk energy

Hurriyet Daily News with wires

"The construction of an 1,800-kilometer pipeline for transferring natural gas from Assaluyeh to the Turkish border, plans to increase the volume of Iran’s gas exports to Turkey, and the transit of natural gas to Europe are other topics that were discussed during the meeting," Nozari said.

"Currently Iran exports 50 million cubic meters of natural gas to Turkey daily and we agreed to add another 23 million cubic meters to that figure," he explained.
Hilmi Guler also said, "Iran and Turkey have penned a contract for developing some of the South Pars’ phases and we are negotiating for starting the implementation."

"Turkey and Europe need natural gas and we hope Iran meets our demand," he said.

United States and European Union are against any investment on energy fields in Iran due to Tehran's nuclear program.

Austrian company to invest in Turkey
Meanwhile OMV, the Austrian oil company that is one of the main stake holders in the Nabucco consortium plans to expand in Turkey and the Balkans, instead of making acquisitions, its chief executive officer said Friday, according to a report by Bloomberg. OMV sees the biggest potential in the Balkan countries and in Turkey, where fewer people own cars than in Western Europe. The company is investing in gas distribution infrastructure that should bring gas from the Caspian region to Western Europe through the Nabucco pipeline as of 2013.