Iran, Turkmenistan and Azerbaijan have signed a fuel swap deal for as much as 2 billion cubic metres (bcm) per yr, Iranian state information company IRNA reported on Sunday, Reuters reviews.
Below the swap deal, Iran will obtain fuel from Turkmenistan and ship an equal quantity to Azerbaijan on the Astara border, Iranian Oil Minister Javad Owji instructed state TV.
“Turkmenistan will promote 5-6 million cubic metres of fuel per day to Azerbaijan beneath the trilateral settlement signed …in Turkmenistan,” IRNA stated.
Owji additionally stated Iran was shifting to resolve a lingering fuel debt dispute with Central Asia’s Turkmenistan, which stated in late 2017 that it was owed $1.8 billion in funds for fuel delivered to Tehran.
“We are going to quickly pay the primary instalment to clear the fuel debt that we owe to the Turkmen facet, after talks that have been held earlier,” Owji stated, with out giving the quantity of the debt.
Iran has main pure fuel fields within the south, however has imported fuel from Turkmenistan since 1997 for distribution in its northern provinces, particularly in the course of the winter.
