Javad Owji: "1.5 bcm of gas to be transported from Turkmenistan to Azerbaijan via Iran"

The annual 1.5 billion cubic meters of gas will be transported from Turkmenistan to Azerbaijan via Iran, Iranian Oil Minister Javad Owji said on the first day of the Baku Energy Forum, Report informs.

The minister noted that this is done on the basis of a tripartite agreement signed between Azerbaijan, Iran and Turkmenistan.

Owji said that Iran intends to increase gas supplies to Turkiye:

"At present, Iran supplies 30 million cubic meters of natural gas to Turkiye daily. At the same time, our country transports about 60 million cubic meters to Iraq daily."

The minister said that the sanctions imposed on Iran were ineffective:

"Despite them, Iran has been able to develop its oil and gas infrastructure. Today, Iran supplies gas to all neighboring countries through pipelines. We are ready to cooperate with all neighboring countries and are ready to meet all the gas needs of our neighbors, and we have all the infrastructure for this."

The minister noted that Iran has always been ready to cooperate with all countries.

Owji stressed that Iran's daily natural gas production has reached 2 billion cubic meters, and the daily oil production is 4 million barrels:

"In the coming years, we plan to produce 1.4 billion cubic meters of gas, and we intend to increase crude oil production to 6 million barrels per day.

From January 3, 2022, Turkmenistan, Iran and Azerbaijan have started to supply 4.5 million cubic meters of gas per day within the gas exchange. Iran supplies Turkmen gas to the east of the country and supplies the same amount to Azerbaijan in northeastern Iran.

The agreement on gas exchange between Azerbaijan, Iran and Turkmenistan was signed on November 28, 2021, in Ashgabat.