Regarding whether the recent nuclear deal between P5+1 and Iran will have an effect on oil prices, Yildiz says, “it is important to be patient and cautious on this issue.”
“We cannot ignore Iran, which has one of the three biggest oil reserves in the world,” Turkish Minister of Energy and Natural Resources Taner Yildiz said on Monday.
“We have always believed that the sanctions on Iran are temporary,” Yildiz noted, while responding questions on the CNBC-E TV channel regarding recent developments in energy.
Regarding whether the recent nuclear deal with Iran will have an effect on oil prices, Yildiz said, “it is important to be patient and cautious on this issue.”
Referring to the TANAP (Trans Anatolian Gas Pipeline Project) which will carry Azerbaijani gas to Europe through Turkey, the minister stated, “two million tons of pipe will be produced to build the pipeline passing through 19-20 provinces.”
TANAP was announced on November 17, 2011 at the Third Black Sea Energy and Economic Forum in Istanbul, after which Turkey and Azerbaijan signed a memorandum of understanding on December 26, 2011, establishing a consortium to build and operate the pipeline.
TANAP intends to transport natural gas produced in fields in Azerbaijan and other possible neighboring countries through Turkey to Europe.
The Project is planned to begin from the Georgia-Turkey border and cross numerous provincial borders within Turkey.
AA
