News ID: 154066
Published: 0732 GMT June 28, 2016

Iran-Turkmenistan $2.5b deal finalized

Iran-Turkmenistan $2.5b deal finalized

Iran-Turkmenistan 2.5-billion-dollar agreement was finalized, said Oil Ministry’s special envoy of for export of technical and engineering goods and services.

Mohammad-Taqi Amanpour told Shana on Tuesday that more than 150 Iranian companies are now active in Turkmenistan.

He said Iran will import about 30 billion dollars worth of gas from Turkmenistan in the next 10 years, while exporting 30 billion dollars worth of technical and engineering goods and services to the country.

He said cooperation with Turkmenistan has been included among policies of Iranian government and President Hassan Rouhani had talked with the Turkmen party about the issue during his visit to Turkmenistan in 2014.

Last week, deputy minister of industry said that Iran’s exports to Turkmenistan have reached $1 billion, adding Tehran now more than ever is seeking to cement its position in Ashgabat market.

Valiollah Afkhamirad said senior officials of Iran and Turkmenistan are making special efforts to develop trade transactions and increase the volume of commercial exchanges.

“This is while Turkmenistan is fully prepared to receive Iranian products, and given our $1 billion exports to this country and their $8 billion imports from across the world, there is still room for further trade cooperation,” he said.

“Participating in trade exhibitions is one suggestion from Trade Promotion Organization of Iran in order to expand our presence in target markets,” he said, adding, “Those businessmen who wish to develop their transactions with CIS countries should begin with Turkmenistan.”

According to Afkhamirad, among the Commonwealth of Independent States, Iran holds the highest record of exports to Turkmenistan, and the country's high economic growth in recent years as well as special attention of Turkmen authorities given to Iranian industrialists have made it even more possible for these two countries to expand trade cooperation.

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