Tag: Iran

Iran to pay 1.9 billion dollars due to gas dispute – Turkey, 24 January 2017

Iranian Deputy Petroleum Minister Hamid Reza Araqi said that Iran is expected to pay 1.9 billion dollars as a compensation to Turkey in accordance with the ruling made by the International Chamber of Commerce (ICC) over a gas dispute between the two countries. Araqi also said that Iran and Turkey have agreed on 13.3 % […]

No electricity, gas price hikes expected in 2017 – Turkey, 6 January 2017

Turkish Minister of Energy and Natural Resources Berat Albayrak said that Turkey does not anticipate electricity and natural gas price hikes in 2017, despite recent cost increases. Minister Albayrak stated that the rise in both gas and oil costs is evident in recent months and besides that, the authorities making their sales based on the […]

Romanian companies to build power plant in Iran – Romania, 30 November 2016

According to Iranian media, Romania and Iran have signed an agreement on the construction of 1,000 MW gas-fired power plant in Mehran near the Iraqi border, during the visit of the Iranian Minister of Foreign Affairs Mohammad Javad Zarif to Bucharest. An agreement worth 700 million dollars has been signed between Iranian company Pichak Sanat […]