Iran, Turkey Agree to Operationalize Electricity Exchange
"Iran and Turkey enjoy outstanding relations in the political sphere, and in the field of economic relations, there are very high capacities for the development of cooperation between the two countries," said Iranian Energy Minister Ali Akbar Mehrabian in a meeting with Minister of Energy and Natural Resources of Türkiye Alparaslan Bayraktar.
"One of the most important economic fields in which there is a possibility of developing cooperation between Iran and Turkey is the field of energy, especially electric energy, which was also emphasized in the recent meeting between the presidents of the two countries," he added.
The Turkish official visited Iran for the follow-up to the energy deals signed in January in Ankara during the eighth Türkiye-Iran High-Level Cooperation Council, adding that the two countries aim to increase the bilateral trade to $30 billion.
Iran is an important supplier of natural gas to Türkiye, Bayraktar stressed, noting that the natural gas trade between the two countries has been going on for 30 years.
“Hopefully, in the period ahead, we will quickly conclude the negotiations we have started today and take steps to take this gas supply agreement even further,” the Turkish minister said.
Last year, Türkiye imported 50.5 billion cubic meters of natural gas, down from the previous year’s 54.7 billion cubic meters.
Mehrabian had also in March said his country has prepared the necessary grounds to exchange electricity with the neighboring states like Uzbekistan, Tajikistan, and Turkmenistan.
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