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12/23/06

Fars News Agency :Turkey not Authorized to Re-export Iran's Natural Gas

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Turkey not Authorized to Re-export Iran's Natural Gas

In accordance with its 25-year-long gas contract with Iran, Turkey is not at all authorized to re-export Iran's natural gas to any other country, Oil Minister Seyed Kazem Vaziri Hamaneh said here on Saturday. The Iranian minister denied recent reports alleging that Turkey's pressure on Iran and its lobbies with Tel Aviv are all aimed at securing Zionist regime's energy supplies through re-exporting Iran's natural gas to Israel, and stressed that the contract bans any re-export of Iran's natural gas supplies to Turkey.

Regarding replacement of dollar with euro in oil transactions, he said, "We were instructed to replace dollar with euro last year, but since the world oil market transactions take place in dollars, we sell oil in dollars but receive its equivalent in euros.

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