Jan 24 2010
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Iran, Azerbaijan to Finalize Gas Deal
Within 90 days Tehran expects to finalize a long-term deal with Baku to import gas, the head of National Iranian Gas Export Company ( NIGEC ) said.
In mid-January, NIGEC struck a short-term agreement to import some 500 million cubic meters of gas per day from neighboring Azerbaijan, Presstv wrote.
"Iran expects to ink another contract to increase the amount of imported gas from Azerbaijan to 2 billion cubic meters per day, when the negotiations are finalized," said Seyyed Reza Kasaeizadeh.
Iran is forced to import gas for its northern territories because the country's terrain obstructs supply routes from the energy-rich south.
Azerbaijan and Iran are linked currently via the 1474.5 kilometer Kazi-Magomed-Astara gas pipeline.
In December 2009, Iranian Ambassador to Azerbaijan Mohammad Baqer Bahrami said a new pipeline is needed to supply Iran with the 5 billion cubic meters of gas that it would like to import from Azerbaijan every year.
The infrastructure currently existing between the two countries allows the delivery of about 500 million cubic meters of gas per year.
Meanwhile, Pakistani Federal Minister for Petroleum Naveed Qamar has declared that Iran and Pakistan have finalized an agreement to build a natural gas pipeline.
Qamar said the federal government is taking serious measures to combat the current energy crisis in the country. He noted that the two countries will sign an accord on the pipeline next week, Dawn newspaper wrote on Wednesday.
Iran-Pak Wind Power (Pvt) Ltd, a joint venture between private sectors of the two countries, will also set up a 50 megawatts wind farm in Pakistan, Daily Times reported.
According to the chief executive officer of the project, Khurram Sayeed, this was the first of its kind project in the private sector among companies of Iran and Pakistan.
He said the company had been incorporated in Pakistan along with the Iranian Group Sunir , which had a 50 percent stake in the project.
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